Group 1 - The company held its first extraordinary general meeting of shareholders on May 15, 2025, where it approved the proposal to change its registered capital and amend the Articles of Association [1] - The total share capital of the company will increase by 57,037,271 shares due to the conversion of the convertible bonds issued in 2023, raising the total share capital from 302,675,245 shares to 359,712,516 shares [1][2] - The registered capital will also increase from RMB 302,675,245 to RMB 359,712,516 as a result of the share capital increase [1][2] Group 2 - The company has completed the business registration change with the Zhejiang Provincial Market Supervision Administration and has obtained a new business license [2] - The new business license includes various manufacturing and sales activities, such as electric component manufacturing, photovoltaic equipment manufacturing, and technology services [2]

Core Viewpoint - The company announces the redemption of its convertible bond "Xing Shuai Zuan 2" due to the triggering of conditional redemption clauses based on stock price performance [1][4]. Group 1: Convertible Bond Issuance - The company issued 4.629 million convertible bonds on June 14, 2023, with a total value of 462.90 million yuan [1]. - The initial conversion price was set at 13.35 yuan per share, which was later adjusted to 13.36 yuan per share on September 26, 2023, and further adjusted to 13.26 yuan per share on May 23, 2024 [2][3]. Group 2: Redemption Conditions - The redemption was triggered as the stock price was at least 130% of the conversion price (8.10 yuan) for 15 trading days from February 20 to March 18, 2025 [4]. - The board of directors approved the early redemption of "Xing Shuai Zuan 2" on March 18, 2025, based on current market conditions [4]. Group 3: Redemption Details - The redemption price is set at 100.41 yuan per bond, which includes accrued interest calculated based on a 0.5% annual coupon rate [5]. - The redemption will be executed for all bondholders registered by the close of trading on April 9, 2025 [6]. Group 4: Trading Activity of Major Shareholders - The company's major shareholder, Chen Lijuan, sold all her holdings of "Xing Shuai Zuan 2" (1,291,075 bonds) within the six months prior to the redemption conditions being met [7].

Core Viewpoint - The announcement details the implementation of the redemption of the convertible bond "Xing Shuai Zuan 2" and emphasizes the importance for bondholders to convert their bonds within the specified period to avoid potential losses [1][4]. Summary by Sections Convertible Bond Basic Information - The company issued 4,629,000 convertible bonds on June 14, 2023, with a total value of 462.90 million yuan, each with a face value of 100 yuan [1]. - The bonds were listed on the Shenzhen Stock Exchange on July 17, 2023, under the code "127087" [2]. - The conversion period for the bonds is from December 20, 2023, to June 13, 2029 [2]. - The initial conversion price was set at 13.35 yuan per share, which was adjusted to 13.36 yuan per share on September 26, 2023, due to the repurchase of restricted shares [2][3]. Redemption Overview - The redemption was triggered as the stock price exceeded 130% of the conversion price (8.10 yuan) for 15 trading days from February 20, 2025, to March 18, 2025 [4]. - The board approved the early redemption of the bonds on March 18, 2025, based on market conditions [4]. Redemption Terms - The redemption price is set at 100.41 yuan per bond, which includes accrued interest calculated based on a 0.5% annual interest rate [5]. - The accrued interest for the period from June 14, 2024, to April 10, 2025, is calculated to be 0.41 yuan per bond [5]. Redemption Implementation Arrangements - The redemption will be executed for all bondholders registered by the close of trading on April 9, 2025 [6]. - After the redemption, "Xing Shuai Zuan 2" will be delisted from the Shenzhen Stock Exchange [6]. Other Important Notes - The company advises bondholders to consult their brokerage firms for specific conversion operations and to be aware of the regulations regarding the conversion of bonds into shares [7].

Group 1 - The core viewpoint of the article highlights that the AH premium has dropped below 130, marking a rare occurrence [1] - This level is noted to be the lowest in approximately five years, with the last instance below 130 occurring in 2020, while it was as high as 155 just a year ago [2] Group 2 - Fangyuan Co., Ltd. plans to reduce its shareholding by no more than 3% [3] - Hefeng Co., Ltd. intends to reduce its shareholding by no more than 1.27% [3] - Huayou Cobalt's subsidiary has signed a strategic cooperation agreement with Weilan New Energy Technology [3] - Certain convertible bonds, including Jia Yuan Convertible Bond, Tian 23 Convertible Bond, and Jinggong Convertible Bond, will not undergo adjustments [3]