Group 1 - The core point of the announcement is the update on the conversion of the company's convertible bonds into shares, with a total of 31,822,931 shares converted in the first quarter of 2025 [1][2] - The latest conversion price for the convertible bonds is set at RMB 9.88 per share [1] - Since the issuance of the convertible bonds, a total of 3,148,400 bonds have been converted into 31,858,994 shares of the company [1][2] Group 2 - The company issued 3.8 million convertible bonds on February 9, 2021, with a face value of RMB 100 each, totaling RMB 380 million [1][2] - The convertible bonds were listed and began trading on March 16, 2021, under the name "朗科转债" and code "123100" [2] - The conversion period for the bonds started on August 23, 2021, and will end on April 8, 2025, due to the triggering of conditional redemption clauses [2] Group 3 - As of March 31, 2025, the remaining convertible bonds amount to 651,600, with a total face value of RMB 65,160,000 [2] - The total share capital of the company increased from 268,138,566 shares to 299,961,497 shares after the conversion [2]