Core Points - The company announced the interest payment for its convertible bonds, which will take place on July 21, 2025, for the third year of interest [1][3][4] - The convertible bonds were issued on July 20, 2022, with a total duration of six years, maturing on July 19, 2028 [1][3] - The interest rate for the third year is set at 1.00%, meaning each bond with a face value of 100 RMB will yield an interest payment of 1.00 RMB [3][5] Summary by Sections Convertible Bond Issuance Overview - The convertible bonds were issued at a face value of 100 RMB each, with a total duration from July 20, 2022, to July 19, 2028 [1] - The interest rates for subsequent years are 1.50% for the fourth year, 1.80% for the fifth year, and 2.00% for the sixth year [1] Interest Payment Details - The interest payment period for the third year is from July 20, 2024, to July 19, 2025 [3] - The interest payment record date is July 18, 2025, and the ex-dividend date is July 21, 2025 [3][4] Payment Method and Taxation - The company will entrust the China Securities Depository and Clearing Corporation Limited Shanghai Branch to handle the interest payment [3][4] - Individual investors are subject to a 20% personal income tax on the interest income, resulting in a net interest payment of 0.80 RMB per bond [4][5] - Qualified foreign institutional investors are exempt from corporate income tax and value-added tax on the interest income [5]

Summary of Key Points Core Viewpoint - The company, Xiamen Songlin Technology Co., Ltd., has decided not to exercise the early redemption option for its convertible bonds, known as "Songlin Convertible Bonds," to protect investor interests despite meeting the conditions for redemption [1][4]. Group 1: Convertible Bond Issuance Overview - The company issued 6.1 million convertible bonds with a face value of 100 RMB each, totaling 610 million RMB, approved by the China Securities Regulatory Commission on July 20, 2022 [1][2]. - The bonds have a fixed interest rate of 1.00% in the first year, increasing to 2.00% in the sixth year [1]. Group 2: Redemption Terms and Trigger Conditions - The redemption clause allows the company to redeem the bonds if the stock price remains above 130% of the conversion price for at least 15 out of 30 trading days [2][3]. - The current conversion price is set at 16.58 RMB per share, with the recent trading price being 15.41 RMB per share [2]. Group 3: Decision on Early Redemption - The board of directors has unanimously decided not to redeem the bonds early, even though the stock price has met the redemption conditions from June 18 to July 8, 2025 [3][4]. - The company will reassess the situation after October 8, 2025, should the redemption conditions be triggered again [3]. Group 4: Related Party Transactions - The company's major shareholders and executives have not held or traded the convertible bonds in the six months leading up to the redemption conditions being met [4]. Group 5: Underwriter's Review - The underwriter, Guotai Junan Securities, has confirmed that the decision not to redeem the bonds early complies with relevant regulations and internal decision-making processes [4][5].

Group 1 - The company has converted a total of 372,055,000 yuan of "Songlin Convertible Bonds" into shares, resulting in 23,741,425 shares, which accounts for 5.9204% of the total shares before conversion [1][3] - As of June 30, 2025, the amount of "Songlin Convertible Bonds" that has not been converted is 237,945,000 yuan, representing 39.0074% of the total issuance [4] - During the second quarter of 2025, from April 1 to June 30, the conversion amount was 0 yuan, and no new shares were created from conversions [3] Group 2 - The company issued 6.1 million convertible bonds on July 20, 2022, with a total amount of 61,000,000 yuan and a maturity of 6 years [2][26] - The coupon rates for the bonds are structured to increase over the years, starting from 0.30% in the first year to 2.00% in the sixth year [2][26] - The current conversion price for the bonds is set at 15.41 yuan per share [2][26] Group 3 - The company has redeemed 60 million yuan of structured deposits and invested 45 million yuan of temporarily idle raised funds in cash management products [9][11] - The cash management aims to enhance the efficiency of idle funds while ensuring daily operational needs and safety [11][21] - The total amount of cash management investments represents 9.55% of the company's latest cash balance and 1.37% of its net assets [21][22] Group 4 - The company has the right to redeem the convertible bonds if the stock price remains above 130% of the conversion price for at least 15 out of 30 consecutive trading days [28][30] - As of July 1, 2025, the stock price has met the condition for potential redemption, with ten trading days above the threshold [30]

Group 1 - The core viewpoint of the announcement is that the credit rating for the company's convertible bonds remains unchanged at AA, with a stable outlook [1][2] - The previous credit rating for the "Songlin Convertible Bonds" was also AA, with a stable outlook, indicating consistency in the company's creditworthiness [1][2] - The credit rating assessment was conducted by Zhongzheng Pengyuan Credit Rating Co., Ltd., based on a comprehensive analysis of the company's operational status [2] Group 2 - The announcement confirms that the latest credit rating report was issued on May 28, 2025, and is available on the Shanghai Stock Exchange website [2] - The company has a history of maintaining a stable credit rating, as evidenced by the unchanged ratings from the previous assessment conducted on September 29, 2024 [1][2]

Core Points - The company announced a cash dividend of 0.26 CNY per share for its A shares, totaling approximately 112.55 million CNY to be distributed to shareholders [1][2] - The dividend distribution plan was approved at the annual shareholders' meeting held on April 23, 2025 [1] - The record date for the dividend is set for May 29, 2025, with the last trading day on May 30, 2025, and the ex-dividend date also on May 30, 2025 [2] Dividend Distribution Details - The total number of shares for the dividend calculation is 432,895,283 [2] - Cash dividends will be distributed through China Securities Depository and Clearing Corporation Limited, Shanghai Branch, to shareholders registered by the end of the trading day on the record date [2] - Shareholders who have not completed designated transactions will have their dividends held by the clearing company until the transactions are completed [2] Taxation Information - For individual shareholders holding shares for over one year, the cash dividend is exempt from personal income tax, effectively maintaining the distribution at 0.26 CNY per share [4] - For shares held for less than one year, the tax treatment will apply upon transfer of the shares, with a tax rate of 20% for holdings of one month or less, and 10% for holdings between one month and one year [4][6] - For qualified foreign institutional investors (QFII), a 10% withholding tax will apply, resulting in a net dividend of 0.234 CNY per share [6][7]

Core Viewpoint - The company, Xiamen Songlin Technology Co., Ltd., has announced its 2024 profit distribution plan, which includes a cash dividend of 2.60 yuan per 10 shares for shareholders registered on the equity distribution date [2][3]. Group 1: Securities Suspension and Resumption - The company's convertible bonds will stop conversion from May 22, 2025, until the equity distribution registration date [2][3]. - The resumption of conversion for the convertible bonds will occur on the first trading day after the equity distribution registration date [3]. Group 2: Profit Distribution Plan - The profit distribution plan was approved at the annual shareholders' meeting held on April 23, 2025, and the resolution was disclosed on April 24, 2025 [2]. - The company will not issue bonus shares or conduct capital reserve transfers to increase share capital as part of this distribution plan [2]. Group 3: Communication and Contact Information - The company has provided contact details for inquiries, including a phone number and email address for the board office [3].

Summary of Key Points Core Viewpoint - The announcement details the conversion of convertible bonds into shares by Xiamen Songlin Technology Co., Ltd., highlighting the amounts converted and the impact on shareholding structure. Group 1: Convertible Bond Issuance and Conversion - As of March 31, 2025, a total of 372,050,000 yuan of "Songlin Convertible Bonds" has been converted into 23,741,425 shares, representing 5.9204% of the company's total shares before conversion [1][6]. - The total amount of unconverted convertible bonds as of March 31, 2025, is 237,945,000 yuan, accounting for 39.0074% of the total issuance [1][7]. - For the first quarter of 2025, the conversion amount of "Songlin Convertible Bonds" is 69,462,000 yuan, resulting in the issuance of 4,432,673 shares [1][6]. Group 2: Convertible Bond Details - The company issued 6.1 million convertible bonds on July 20, 2022, with a total value of 61 million yuan and a maturity of 6 years, with a tiered interest rate structure [2]. - The conversion price for the bonds was initially set at 16.58 yuan per share, adjusted to 16.38 yuan and then to 16.13 yuan due to profit distribution [3][4]. Group 3: Shareholding Structure Changes - The conversion of convertible bonds and the granting of restricted stock options have led to a passive dilution of the controlling shareholder's stake from 75.06% to 74.09%, a change of 0.97% [10][12]. - The changes in shareholding do not affect the control of the company or its governance structure [11][14].