Group 1 - The core announcement is regarding the results of the buyback of the convertible bond "Zhengyuan Zhuan 02" [1][2] - The buyback period for "Zhengyuan Zhuan 02" was from July 29, 2025, to August 4, 2025, with a buyback price of RMB 100.168 per bond [1][2] - A total of 600 bonds were effectively submitted for buyback, amounting to RMB 60,100.80, and the payment date for investors is set for August 11, 2025 [2] Group 2 - The buyback will not have a substantial impact on the company's financial status, operational results, cash flow, or capital structure [2] - The remaining unredeemed "Zhengyuan Zhuan 02" bonds will continue to be traded on the Shenzhen Stock Exchange [2]

Core Viewpoint - The company has announced the resumption of the conversion of its convertible bonds "Zhengyuan Zhuan 02" after a temporary suspension due to a buyback right granted to bondholders [1][2]. Group 1: Company Meetings and Decisions - The company held its fifth board meeting and the fourth supervisory meeting on July 7, 2025, followed by a second extraordinary shareholders' meeting and the first bondholders' meeting on July 24, 2025, where a proposal to change part of the fundraising purposes was approved [1]. - The bondholders of "Zhengyuan Zhuan 02" are entitled to a one-time buyback right as per the terms outlined in the bond issuance prospectus [1]. Group 2: Suspension and Resumption of Conversion - According to the regulations of the Shenzhen Stock Exchange, the conversion of the convertible bonds will be suspended during the buyback application period from July 29, 2025, to August 4, 2025 [2]. - The conversion of "Zhengyuan Zhuan 02" will resume on August 5, 2025, after the suspension period [2].

Core Viewpoint - The company announces the third reminder regarding the repurchase of "Zhengyuan Convertible Bond 02" (正元转 02), highlighting the potential risks for investors if they choose to sell their bonds at a price higher than the repurchase price [1][2]. Summary by Sections Repurchase Terms Overview - The repurchase rights for bondholders are activated due to significant changes in the implementation of the fundraising projects compared to the commitments made in the prospectus [1]. - Bondholders can sell their bonds at face value plus accrued interest, with the repurchase price calculated to be 100.168 CNY per bond, including tax [1][2]. Tax Implications - Individual investors and securities investment funds will have a 20% withholding tax on interest income, resulting in a net repurchase amount of 100.134 CNY per bond [2]. - Qualified foreign institutional investors (QFII and RQFII) are exempt from income tax, receiving the full repurchase amount of 100.168 CNY per bond [2]. Repurchase Procedure and Payment Method - The company must grant bondholders the right to repurchase within twenty trading days after the shareholders' meeting approves changes to the fundraising projects [2]. - The company will publish at least three announcements regarding the repurchase, including one within five trading days after the shareholders' meeting [2]. Repurchase Period Transactions and Conversion - "Zhengyuan Convertible Bond 02" will continue to trade during the repurchase period, but bondholders must follow a specific order for processing multiple requests [3]. - The conversion of bonds will be suspended during the repurchase period [3].

New Stock Issuance - Guangdong JianKe issued new shares at a price of 6.56 on August 1, 2025[1] - ShenKe Co., Ltd. has a tender offer period from July 29 to August 27, 2025[1] - ST Kelly's tender offer period is from July 17 to August 15, 2025[1] Market Alerts - ST Zitian reported significant abnormal fluctuations on July 21, 2025[1] - ST Suwu experienced abnormal fluctuations on July 30, 2025[1] - ST Xizang Tianlu reported significant abnormal fluctuations on August 1, 2025[1] Other Notable Announcements - Huaneng Electric's announcement was made on August 1, 2025, regarding its stock code 603063[1] - ST Sai Long's announcement was made on August 1, 2025, with stock code 002898[1] - ST Green Kang's announcement was made on July 31, 2025, with stock code 002868[1]

Core Viewpoint - The company announces the second reminder regarding the repurchase of "Zhengyuan Convertible Bond 02" (正元转 02), highlighting the potential risks for investors if they choose to sell their bonds at a price higher than the repurchase price [1][2]. Summary by Sections Repurchase Terms Overview - The repurchase rights are activated if there are significant changes in the implementation of the investment projects funded by the convertible bonds compared to the commitments made in the prospectus [1]. - Holders of "Zhengyuan Convertible Bond 02" can sell their bonds at face value plus accrued interest, with the repurchase price calculated to be 100.168 CNY per bond (including tax) [1][2]. Tax Implications - Individual investors and securities investment funds will have a 20% withholding tax on interest income, resulting in a net repurchase amount of 100.134 CNY per bond [2]. - Qualified foreign institutional investors (QFII and RQFII) are exempt from income tax, receiving the full repurchase amount of 100.168 CNY per bond [2]. Repurchase Procedure and Payment Method - The company must grant bondholders the right to repurchase within twenty trading days after the shareholders' meeting approves changes to the investment projects [2]. - The company will publish at least three announcements regarding the repurchase, including one within five trading days after the shareholders' meeting [2]. Repurchase Period Transactions and Conversion - "Zhengyuan Convertible Bond 02" will continue to trade during the repurchase period, but conversion will be suspended [3]. - Bondholders must submit their repurchase requests through the Shenzhen Stock Exchange trading system during the specified period from July 29, 2025, to August 4, 2025 [3].

Overview of the Buyback Situation - The buyback of convertible bonds by Zhengyuan Smart Group Co., Ltd. was triggered due to a significant change in the use of raised funds as approved in meetings held on July 7, 2025, and July 24, 2025 [1][2] - The additional buyback clause allows bondholders to sell their bonds back to the company if there is a major change in the implementation of the investment projects compared to the commitments made in the prospectus [2][3] Buyback Terms - The buyback price for the "Zhengyuan Convertible Bond 02" is set at 100.168 CNY per bond, which includes accrued interest and tax [3][4] - The accrued interest calculation formula is provided, with the interest rate for the current period being 0.6% and the interest period being 102 days [3][4] Buyback Process and Payment - The buyback announcement period requires the company to publish at least three announcements regarding the buyback, with specific timing outlined [4][5] - The buyback application period is from July 29, 2025, to August 4, 2025, during which bondholders can submit their buyback requests [4][5] - Payment for the buyback will be processed through the China Securities Depository and Clearing Corporation, with funds expected to be credited to investors by August 11, 2025 [5] Trading and Conversion During Buyback Period - The "Zhengyuan Convertible Bond 02" will continue to trade during the buyback period, but conversion rights will be suspended [5] Sponsor's Review Opinion - The sponsor, Zheshang Securities, has reviewed the buyback process and found it compliant with relevant regulations and the prospectus agreements, expressing no objections to the buyback [5]

Group 1 - The company has announced a temporary suspension of the conversion of its convertible bonds "Zhengyuan Zhuan 02" during the repurchase period, which is from July 29, 2025, to August 4, 2025 [2] - The company issued 3.5073 million convertible bonds at a price of RMB 100.00 each, raising a total of RMB 350.73 million [1] - The conversion period for "Zhengyuan Zhuan 02" will start on October 24, 2023, and end on April 17, 2029 [1] Group 2 - The company held several meetings in July 2025 to approve changes to the use of raised funds, activating the additional repurchase clause for the convertible bonds [2] - The suspension of conversion will last for five trading days, and trading of the bonds will continue normally during this period [2]

Meeting Announcement - The company will hold its first bondholders' meeting of 2025 on July 24, 2025 [1] - The meeting is convened in accordance with relevant laws, regulations, and the company's articles of association [1] Voting Procedures - Bondholders can vote either in person or via communication methods, but cannot vote multiple times [2] - Voting rights are granted to bondholders registered by the cut-off date of July 21, 2025 [2] - Institutional investors must have their legal representatives or authorized agents present to vote [3] Meeting Agenda - The agenda has been approved by the company's board and supervisory committee [2] - Details of the agenda can be found in the announcements dated July 9, 2025 [2] Registration and Documentation - Bondholders must provide necessary identification and documentation to register for the meeting [3][4] - Proxy voting requires a notarized authorization letter [4] Voting Validity - Votes that are unclear or submitted late will be considered invalid [5] - Decisions made in the meeting will be binding on all bondholders, regardless of their attendance [5] Additional Information - Bondholders are responsible for their own travel and accommodation expenses [5] - Contact information for the meeting is provided for inquiries [4]

Group 1 - The company issued convertible bonds amounting to 350.73 million units, raising a total of 35.073 million yuan, with a net amount of 34.22742 million yuan after deducting issuance fees [1][2] - The initial conversion price for the convertible bonds was set at 32.85 yuan per share, which was adjusted to 32.80 yuan per share on June 5, 2023, following a profit distribution plan [2][3] - The company proposed to further adjust the conversion price down to 21.99 yuan per share, effective from December 6, 2023, due to market conditions [3] Group 2 - As of March 31, 2025, the company had converted 491 shares from the convertible bonds, with a remaining amount of 350,644,500 yuan and an unconverted ratio of 99.9756% [4] - The total number of shares increased to 142,086,670, with the distribution of shares categorized into limited and unlimited circulation [4] - The company plans to distribute cash dividends of 0.4 yuan per 10 shares, effective from June 3, 2024, which will also lead to an adjustment of the conversion price to 21.95 yuan per share [3][4]