Core Viewpoint - Hebei Light Industry Import and Export Group Co., Ltd. was fined by Tianjin Dongjiang Customs for false declaration in export activities, impacting the country's export tax rebate management [1][6]. Group 1: Violation Details - On May 27, 2025, Hebei Light Industry Import and Export Group declared the export of galvanized pipes and plastic-coated pipes, with a total declared price of €70,528 [3]. - The correct commodity code for the declared items should have been 7306309000, which has a 0% export tax rebate, instead of the incorrectly declared 7326909000, which has a 13% rebate [5]. - The company had previously exported similar items in May 2024, declaring a total price of €45,179.52, also using the incorrect commodity code [5]. Group 2: Penalty Information - Tianjin Dongjiang Customs imposed a fine of RMB 60,000 on Hebei Light Industry Import and Export Group based on relevant customs laws and regulations [6]. - The penalty was issued under the provisions of the Customs Law of the People's Republic of China and related administrative penalty regulations [6]. Group 3: Company Background - Hebei Light Industry Import and Export Group Co., Ltd. was established on December 25, 1998, with a registered capital of RMB 120 million [10]. - The legal representative of the company is Sun Xinqiang, and it is currently listed as active and registered [10].

Group 1 - The core point of the announcement is the conversion results of the convertible bonds issued by Tianjin Youfa Steel Pipe Group Co., Ltd., detailing the conversion price and the amount converted [2][3][9] - The conversion price was adjusted to 4.77 yuan per share as of June 13, 2025, with the conversion period running from October 10, 2022, to March 29, 2028 [2][8] - As of June 30, 2025, a total of 372,000 yuan worth of convertible bonds had been converted into 72,452 shares, representing 0.005064% of the company's total share capital before conversion [2][9][10] Group 2 - The company issued 20 billion yuan worth of convertible bonds on March 30, 2022, with a maturity of six years [3][4] - The total amount of unconverted convertible bonds as of June 30, 2025, was 1,999,628,000 yuan, accounting for 99.9814% of the total issuance [10][2] - The company has made several adjustments to the conversion price due to various corporate actions, including a downward adjustment to 5.07 yuan per share on July 13, 2024 [5][7][8] Group 3 - The company provided guarantees for its subsidiaries, with a total guarantee amount of 36 million yuan during June 2025 [13][17] - As of June 30, 2025, the total guarantee balance was 456,969.66 million yuan, which is 58.21% of the company's latest audited net assets [28][13] - The company has a guarantee plan for 2025, allowing for adjustments based on business needs and potential new subsidiaries [17][30] Group 4 - The company has implemented a stock option incentive plan, with a total of 688,518 options granted in the first exercise period [38][39] - As of June 30, 2025, 950,120 shares were exercised, representing 13.7995% of the total options available for that period [38][45] - The funds raised from the stock options will be used to supplement the company's working capital [48]