New Stock Listings - Huadian New Energy (600930) listed at an issue price of 3.18 on July 16, 2025[1] - Zhongcheng Tui (300208) has 2 trading days remaining until the last trading day[1] - Tui Shi Jin Gang (600190) also has 2 trading days remaining until the last trading day[1] Abnormal Fluctuations - Huayin Power (600744) reported severe abnormal fluctuations on July 15, 2025[1] - Changcheng Military Industry (601606) announced abnormal fluctuations on July 15, 2025[1] - ST Yanzhen (603389) reported abnormal fluctuations on July 16, 2025[1] Other Notable Announcements - ST Ya Zhen (000627) reported significant fluctuations with a value of 7189 on July 16, 2025[3] - Guosheng Technology (603778) reported fluctuations with a value of 3370 on July 15, 2025[3] - ST Xin Chao (600777) reported fluctuations with a value of 1008 on July 11, 2025[3]

Core Viewpoint - The company announced an adjustment to the conversion price of its convertible bonds due to a cash dividend distribution, reducing the price from 10.96 CNY per share to 10.91 CNY per share, effective from July 17, 2025 [3][4]. Group 1: Announcement Details - The company has issued 1 billion CNY of convertible bonds, which will be traded on the Shenzhen Stock Exchange starting January 16, 2024 [1]. - The adjustment formula for the conversion price is specified, taking into account various corporate actions such as stock dividends, capital increases, and cash dividends [1][2]. - The cash dividend distribution is set at 0.5 CNY per 10 shares, with no stock dividends or capital increases planned [3][4]. Group 2: Conversion Price Adjustment - The previous conversion price was 10.96 CNY per share, which will be adjusted to 10.91 CNY per share due to the cash dividend [3][4]. - The adjustment will take effect on July 17, 2025, coinciding with the ex-dividend date [4]. - The company will publish announcements regarding any future adjustments to the conversion price in accordance with relevant regulations [2].

Group 1 - The company has approved the 2024 annual profit distribution plan, proposing a cash dividend of 0.50 RMB per 10 shares, totaling approximately 54.09 million RMB [1][2] - The total share capital used for the distribution has been updated to 1,081,784,396 shares, reflecting a slight increase from the previous figure [2] - The dividend distribution will be adjusted based on the latest share capital before implementation, maintaining the distribution ratio [2] Group 2 - The record date for the dividend distribution is set for July 16, 2025, with the ex-dividend date on July 17, 2025 [3] - The distribution will be made directly to shareholders' accounts through their securities companies during the application period from July 9 to July 16, 2025 [3] - Following the dividend distribution, the conversion price of the company's convertible bonds will be adjusted from 10.96 RMB to 10.91 RMB per share, effective from July 17, 2025 [3]

Group 1 - The company has signed a tripartite supervision agreement for the special account of raised funds to ensure proper management and protection of investors' rights [3][4][5] - The company issued 10,000,000 convertible bonds with a total fundraising amount of RMB 1 billion, netting RMB 991.17 million after deducting issuance costs [2] - The company plans to allocate RMB 30 million of surplus funds from terminated projects to new investment projects, including the reconstruction of a section of National Highway 638 and the design and construction of an intelligent ship innovation center [2][3] Group 2 - The tripartite supervision agreement involves the company, its subsidiaries, and the underwriting institution, with specific banks designated for managing the special accounts [4][5] - The agreement stipulates that the special accounts can only be used for the designated investment projects and outlines the responsibilities of all parties involved [5][6] - The underwriting institution has the right to supervise the use of raised funds and conduct regular checks, ensuring compliance with relevant regulations [5][6]

Group 1 - The company Zhejiang Construction Investment Group Co., Ltd. issued convertible bonds totaling RMB 1 billion, with a face value of RMB 100 per bond, approved by the board and shareholders [2][3][14] - The bonds will be listed on the Shenzhen Stock Exchange starting January 16, 2024, under the name "Zhejiang Convertible Bonds" [3][15] - The initial conversion price for the bonds is set at RMB 11.01 per share, with provisions for adjustments based on various corporate actions [5][6][7] Group 2 - In 2024, the company reported a revenue of RMB 80.64 billion, a decrease of 12.92% year-on-year, primarily due to a reduction in new contracts and ongoing projects [16] - The net profit attributable to shareholders was RMB 194 million, down 50.57% compared to the previous year, influenced by lower revenue and increased non-operating expenses [16] - The company's total assets as of December 31, 2024, were RMB 120.88 billion, showing a slight decrease of 0.63% from the previous year [16] Group 3 - The company has established a dedicated account for the management of the raised funds, ensuring compliance with regulations and protecting investor interests [17] - As of December 31, 2024, the net amount of raised funds was RMB 99.12 million, with RMB 39.77 million utilized for project investments [17] - The company plans to use any remaining funds for project investments or to adjust project allocations as necessary [17]

Core Viewpoint - The company announces the third reminder regarding the repurchase of "Zhejiang Construction Convertible Bonds" (浙建转债), indicating that the repurchase application has become invalid due to the bond's market price being higher than the repurchase price [1][2]. Summary by Sections Repurchase Overview - The company held meetings on May 8, 2025, and May 19, 2025, to discuss the repurchase of the bonds, which is triggered by significant changes in the use of raised funds compared to the commitments made in the prospectus [2]. - Bondholders have the right to sell their bonds back to the company at a price of 100.168 yuan per bond, which includes accrued interest [1][3]. Calculation of Accrued Interest - The accrued interest is calculated using the formula: IA = B × i × t / 365, where: - IA is the accrued interest - B is the total face value of the bonds held - i is the annual coupon rate (0.4% for this bond) - t is the number of days from the last interest payment to the repurchase date [3]. - For this bond, the accrued interest amounts to 0.168 yuan per bond, leading to a total repurchase price of 100.168 yuan per bond [3]. Repurchase Procedure and Payment Method - The repurchase is not mandatory; bondholders can choose whether to participate [4]. - The repurchase application period is from May 27, 2025, to June 3, 2025, and bondholders must submit their applications through the Shenzhen Stock Exchange trading system [5]. - The company will process the repurchase payments through the China Securities Depository and Clearing Corporation Limited, with the payment date set for June 6, 2025 [5]. Trading and Conversion During Repurchase Period - The bonds will continue to be traded during the repurchase period, but conversion into shares will be suspended [5].

Summary of Key Points Core Viewpoint - The company announces the second reminder regarding the repurchase of "Zhejiang Construction Convertible Bonds" (浙建转债), indicating that the repurchase application has become invalid due to the current market price being higher than the repurchase price, which may lead to losses for investors [1][2]. Group 1: Repurchase Overview - The company held meetings on May 8, 2025, and May 19, 2025, to discuss the repurchase of "Zhejiang Construction Convertible Bonds" and approved the proposal to use surplus funds for new investment projects [2]. - The repurchase clause is activated if there is a significant change in the use of raised funds compared to the commitments made in the prospectus [2]. - Bondholders have the right to sell their bonds back to the company at a price of 100.168 yuan per bond, which includes accrued interest [3][4]. Group 2: Repurchase Calculation - The accrued interest for the bonds is calculated using the formula: IA = B × i × t / 365, where the interest rate (i) is 0.4% for the current period [3]. - The total accrued interest for the bonds is calculated to be 0.168 yuan per bond, leading to a total repurchase price of 100.168 yuan per bond [3]. Group 3: Repurchase Procedure - Bondholders can choose to sell back part or all of their bonds during the specified repurchase application period from May 27, 2025, to June 3, 2025 [5]. - The company will process the repurchase through the Shenzhen Stock Exchange's trading system, and any applications not submitted during this period will be considered a waiver of the repurchase right [5]. - The repurchase price will be paid on June 6, 2025, and trading of the bonds will continue during the repurchase period, although conversion to shares will be suspended [5].

Group 1 - The meeting of bondholders for "Zhejiang Construction Investment Group Co., Ltd." was held, with a total of 1,549,054 bonds represented, accounting for 15.56622% of the total outstanding bonds [1][2] - The proposal regarding the termination of certain fundraising investment projects and the reallocation of surplus funds to new investment projects was approved, with 1,549,044 votes in favor, representing the majority of the voting rights [1][2] - The legal opinions confirm that the meeting and voting procedures complied with relevant laws and regulations, ensuring the validity of the resolutions passed [2]

Core Viewpoint - The announcement details the ineffective repurchase of "Zhejiang Construction Convertible Bonds" (浙建转债) and highlights the potential loss for investors choosing to sell back at the specified price, which is lower than the current market price [1][2]. Summary by Sections Repurchase Overview - The company held meetings to discuss the repurchase of "Zhejiang Construction Convertible Bonds" and approved the use of remaining funds for new investment projects [2]. - The repurchase clause is activated if there are significant changes in the use of raised funds compared to the commitments made in the prospectus [2]. Repurchase Price Calculation - The repurchase price is set at 100.168 CNY per bond, which includes accrued interest calculated based on a 0.4% annual interest rate for the period from December 25, 2024, to May 27, 2025 [3]. - The accrued interest for each bond is calculated as IA = B × i × t / 365, resulting in an accrued interest of 0.168 CNY per bond [3]. Repurchase Procedure and Payment - Bondholders can choose to sell back part or all of their unconverted bonds, and the repurchase is not mandatory [4]. - The repurchase period is from May 27, 2025, to June 3, 2025, during which bondholders must submit their repurchase requests through the Shenzhen Stock Exchange [5]. - The company will process repurchase requests and transfer funds by June 6, 2025, with trading of the bonds continuing during the repurchase period but suspending conversion [5].

Group 1 - The company, Zhejiang Construction Investment Group Co., Ltd., is convening the first bondholders' meeting for the "Zhejiang Construction Convertible Bonds" on May 23, 2025, at 14:30 [3][4] - The meeting will be held both in-person and online, allowing bondholders to vote through the Shenzhen Stock Exchange trading system and internet voting system [5][15] - The bondholders' meeting will require a quorum of more than half of the voting bondholders present for resolutions to be valid [2][13] Group 2 - The company has decided to terminate certain fundraising projects and reallocate the remaining funds, totaling RMB 30 million, to new investment projects [25][43] - The terminated projects include the purchase of construction safety support equipment, the development of a smart construction management platform, and the research and application of robotic welding systems [30][31][34] - The new investment projects include the reconstruction of the 638 National Road and the design and construction of the Zhejiang Intelligent Ship Innovation Center, with total investments of RMB 62 million and RMB 87.68 million respectively [37][39]