Core Viewpoint - The announcement provides an update on the conversion of the "Jiangshan Convertible Bonds" into shares of Jiangshan Oupai Door Industry Co., Ltd, highlighting the low conversion rate and the remaining unconverted bond amount. Summary by Sections Convertible Bond Issuance Overview - Jiangshan Oupai issued 5.83 million convertible bonds on June 11, 2021, with a total value of RMB 583 million and a maturity of six years [3] - The bonds have a tiered interest rate structure, starting at 0.40% in the first year and increasing to 3.00% by the sixth year [3] - The conversion period for these bonds is from December 20, 2021, to June 10, 2027 [3] Conversion Status - As of June 30, 2025, a total of RMB 464,000 worth of "Jiangshan Convertible Bonds" has been converted into 4,964 shares, representing 0.0047% of the company's total shares before conversion [2][7] - No bonds were converted during the quarter from April 1 to June 30, 2025, with the total unconverted bond amount standing at RMB 582,536,000, which is 99.9204% of the total issued bonds [2][7] Share Capital Changes - The announcement includes details on the changes in the company's share capital structure due to the bond conversions, although specific figures are not provided in the text [7] Additional Information - Investors seeking more details on the terms of the "Jiangshan Convertible Bonds" are directed to the full prospectus published on June 9, 2021 [7]

Core Viewpoint - The company, Jiangshan Oupai Door Industry Co., Ltd., has maintained its credit ratings for both its corporate entity and its convertible bonds, indicating stability in its financial standing despite a negative outlook [1][2]. Group 1: Credit Rating Results - Previous credit rating results indicated a corporate credit rating of AA- with a negative outlook, and the same rating for Jiangshan Convertible Bonds [1][2]. - The current credit rating results remain unchanged, with the corporate credit rating at AA- and a negative outlook, as well as the Jiangshan Convertible Bonds rated at AA- [1][2]. - The tracking credit rating was conducted by China Securities PENGYUAN Credit Rating Co., Ltd., based on a comprehensive analysis of the company's operational status and industry conditions [2]. Group 2: Regulatory Compliance - The company has complied with the regulations set forth by the China Securities Regulatory Commission regarding the issuance of securities [1]. - The tracking rating report was disclosed on the same day on the Shanghai Stock Exchange website [2].

Core Viewpoint - Jiangshan Oupai Door Industry Co., Ltd. is planning a differentiated dividend distribution for the year 2024, which has been approved by the annual general meeting of shareholders, and the legal opinion confirms its compliance with relevant laws and regulations [4][6][8]. Group 1: Differentiated Dividend Distribution - The company intends to distribute a cash dividend of 1.90 RMB per 10 shares (including tax) to all shareholders, resulting in a total cash dividend of approximately 33.42 million RMB (including tax) based on the actual participating shares [6][7]. - The total number of shares eligible for distribution is 175,879,096, after excluding the shares repurchased by the company [6][7]. - The cash dividend payout ratio for the year 2024 is set at 30.70% [6]. Group 2: Legal Compliance and Verification - The legal opinion confirms that the differentiated dividend distribution complies with the Company Law, Securities Law, and other relevant regulations, ensuring that it does not harm the interests of the company or its shareholders [8][9]. - The law firm conducted thorough verification of the documents and materials provided by the company, ensuring their authenticity and completeness [2][3]. - The opinion emphasizes that the repurchased shares will not participate in the profit distribution, aligning with legal requirements [6][8].

Key Points - The core announcement is about the adjustment of the conversion price for "Jiangshan Convertible Bonds" due to the 2024 annual equity distribution, with the new conversion price set at 19.84 CNY per share, down from 20.03 CNY per share [1][10] Group 1: Convertible Bond Information - "Jiangshan Convertible Bonds" were approved by the China Securities Regulatory Commission and issued in 2021 with a total amount of 583 million CNY and a term of 6 years [2] - The bond has a tiered coupon rate starting from 0.40% in the first year to 3.00% in the sixth year [2] - The conversion period for the bonds is from December 20, 2021, to June 10, 2027 [2] Group 2: Price Adjustment Details - The conversion price was adjusted from 20.03 CNY per share to 19.84 CNY per share due to the cash dividend distribution of 1.90 CNY per 10 shares [7][10] - The adjustment formula used was P1 = (P0 - D) / (1 + n), where P0 is the previous conversion price, D is the cash dividend, and n is the stock distribution rate [8][10] - The new conversion price will take effect on June 13, 2025, with the conversion suspension period from June 6 to June 12, 2025 [10]

Core Points - Jiangshan Oupai Door Industry Co., Ltd. announced the interest payment for its convertible bonds, known as "Jiangshan Convertible Bonds," which will begin on June 11, 2025 [1][2] - The total issuance amount of the convertible bonds is RMB 583 million, with a maturity period of 6 years from June 11, 2021, to June 10, 2027 [1][2] - The interest rates for the bonds increase progressively from 0.40% in the first year to 3.00% in the sixth year [1][2] Bond Issuance Overview - Bond name: Jiangshan Convertible Bonds - Bond code: 113625 - Issuance date: June 11, 2021 - Total issuance amount: RMB 583 million - Number of bonds issued: 5.83 million - Face value and issuance price: RMB 100 per bond, issued at par [1][2] Interest Payment Details - The interest payment for the fourth year will be based on a coupon rate of 1.50%, resulting in an interest payment of RMB 1.50 per bond (including tax) [2][3] - The record date for interest payment is June 10, 2025, with the interest payment date also set for June 11, 2025 [3] Tax Implications - For resident enterprises holding the bonds, the interest income tax is self-paid, resulting in an actual payment of RMB 1.50 per bond (including tax) [5] - Individual investors are subject to a 20% personal income tax on the interest, leading to a net payment of RMB 1.20 per bond after tax [5] - Non-resident enterprises are exempt from corporate income tax on the interest income until December 31, 2025, receiving the full RMB 1.50 per bond [5] Contact Information - Issuer: Jiangshan Oupai Door Industry Co., Ltd. - Contact address: No. 8, Yudashan Natural Village, Yutou Village, Jiangshan City, Zhejiang Province - Contact department: Company Secretary Office - Phone: 0570-4729200 [6]

Group 1 - The company announced a cash dividend distribution plan for the year 2024, proposing to distribute 1.90 yuan (including tax) for every 10 shares held by shareholders [1][2] - The dividend distribution plan was approved at the annual shareholders' meeting held on May 21, 2025, with details available on the Shanghai Stock Exchange website [2] - The convertible bonds ("Jiangshan Convertible Bonds") will have a continuous suspension of conversion during the dividend distribution period, specifically from June 6, 2025, until the registration date for the dividend distribution [1][2] Group 2 - The company will announce the implementation of the dividend distribution and the adjustment of the convertible bond conversion price on June 7, 2025 [2] - Holders of the convertible bonds wishing to enjoy the dividend distribution must convert their bonds before June 5, 2025 [2]