Core Viewpoint - The company announced a cash dividend distribution plan for the first half of 2025, with a payout of 8.00 yuan per 10 shares, amounting to a total distribution of approximately 315.23 million yuan, which represents 39.48% of the net profit attributable to shareholders [3]. Group 1: Dividend Distribution Plan - The dividend distribution plan is based on the total share capital as of June 30, 2025, which is 396,247,646 shares, excluding 2,210,825 shares held in the company's repurchase account [3]. - The plan was approved at the company's first extraordinary general meeting of 2025 held on September 11, 2025 [3]. - The company will not increase share capital from capital reserves or issue bonus shares as part of this distribution [3]. Group 2: Convertible Bonds and Trading Suspension - The company's convertible bonds will suspend conversion from October 10, 2025, until the record date for the dividend distribution [5]. - The adjusted conversion price for the convertible bonds will be announced alongside the dividend distribution implementation notice on October 13, 2025 [4][5]. - Holders of convertible bonds wishing to enjoy the dividend distribution must convert their bonds before October 9, 2025 [5]. Group 3: Contact Information - For further inquiries, the company can be contacted through its board office at phone number 0571-87352850 or via email at proyazq@proya.com [6].

Core Viewpoint - The company has successfully completed the third unlock period of its 2022 restricted stock incentive plan, allowing 570,752 shares to be released for trading on September 17, 2025, for 57 eligible participants [2][9][11]. Summary by Sections 1. Stock Listing and Unlocking Details - The stock type being listed is for equity incentive shares, with a total of 570,752 shares set to be released for trading [2]. - The unlock date for these shares is September 17, 2025 [11]. 2. Approval and Implementation of the Incentive Plan - The company held board meetings on September 8, 2025, to approve the unlocking conditions for the third period of the 2022 restricted stock incentive plan [2][9]. - The plan was initially approved on July 8, 2022, with independent directors expressing their agreement [3][4]. 3. Historical Context of the Incentive Plan - The restricted stock was granted on September 6, 2022, and the third unlock period lasted from September 6, 2025, to September 5, 2026 [10]. - The total number of shares granted under the plan was 2.1 million, with various adjustments and cancellations made over time [5][6]. 4. Conditions for Unlocking Shares - The third unlock period allows for 40% of the granted shares to be released, which corresponds to the completion of specific performance conditions [10]. - The eligible participants for this unlock include 57 individuals, with the released shares representing approximately 0.14% of the company's total equity [11]. 5. Shareholder Restrictions - Directors and senior management are subject to restrictions on share transfers, including a limit of 25% of their total holdings per year during their tenure and a six-month restriction post-departure [12]. - Any profits from trading within six months of buying or selling shares must be returned to the company [12]. 6. Legal Compliance - The legal opinion confirms that the unlocking of shares complies with relevant laws and regulations, and the company is required to fulfill its disclosure obligations [13].

Core Viewpoint - The company announced an adjustment to the conversion price of its convertible bonds due to the repurchase and cancellation of certain restricted stock options, which will affect the trading of its securities [1][3][6]. Group 1: Convertible Bond Details - The company issued 7,517,130 convertible bonds with a total value of 75,171.30 million yuan, which were listed on January 4, 2022 [1]. - The initial conversion price was set at 195.98 yuan per share, with the conversion period running from June 14, 2022, to December 7, 2027 [1]. - The conversion price was adjusted from 96.23 yuan per share to 96.26 yuan per share, effective from August 26, 2025 [3][6]. Group 2: Stock Repurchase and Cancellation - On June 26, 2025, the company approved the repurchase and cancellation of 242,424 shares of restricted stock due to the departure of 14 incentive plan participants [5][9]. - The repurchase was completed on August 21, 2025, and the company will proceed with the necessary changes to its business registration [10]. - The adjustment in the conversion price is in accordance with the company's prospectus and relevant regulations [6].

Core Viewpoint - The adjustment of the conversion price for the "Pola Convertible Bonds" is due to the completion of the repurchase and cancellation of certain restricted stock options, leading to a change in the conversion price from 96.23 CNY/share to 96.26 CNY/share, effective from August 26, 2025 [1][6]. Group 1: Conversion Price Adjustment - The conversion price before adjustment was 96.23 CNY/share, and after adjustment, it is 96.26 CNY/share [2][6]. - The adjustment of the conversion price is based on the repurchase and cancellation of 242,424 shares of restricted stock due to the departure of 14 incentive plan participants [5][6]. - The conversion price adjustment will take effect on August 26, 2025, with the conversion being suspended on August 25, 2025 [2][6]. Group 2: Regulatory Compliance - The adjustment follows the relevant provisions in the prospectus and regulations from the China Securities Regulatory Commission regarding convertible bonds [3][5]. - The company has completed the necessary procedures for the repurchase and cancellation of the restricted stock as of August 21, 2025 [5][6]. - The adjustment method for the conversion price is outlined in the prospectus, ensuring compliance with applicable laws and regulations [4][5].

Summary of Key Points Core Viewpoint - The company announced the repurchase and cancellation of 242,424 restricted stocks due to the departure of 14 incentive recipients who no longer meet the incentive conditions as per the 2022 Restricted Stock Incentive Plan [1][2]. Group 1: Repurchase and Cancellation Details - The repurchase price for the restricted stocks was adjusted from 54.203 yuan per share to 53.013 yuan per share following the completion of the 2024 annual profit distribution [1][3]. - The decision for the repurchase and cancellation was approved during the fourth board meeting on June 26, 2025, and involves a total of 242,424 shares [1][4]. - The company has initiated the necessary procedures for the repurchase and cancellation of the stocks, which is expected to be completed by August 21, 2025 [4][5]. Group 2: Impact on Share Capital Structure - Following the cancellation, the number of restricted shares will decrease from 842,520 to 600,096, while the total share capital will reduce from 396,247,606 to 396,005,182 shares [5]. - The company has complied with legal requirements regarding the reduction of registered capital and has notified creditors as per the relevant laws [2][6]. Group 3: Legal Compliance and Commitments - The company confirmed that the repurchase and cancellation process adheres to the relevant laws and regulations, ensuring no harm to the rights of the incentive recipients or creditors [4][6]. - A legal opinion was provided confirming that the repurchase and cancellation process has met all necessary procedural requirements [6].

Core Points - The announcement details the conversion results of the convertible bonds issued by Proya Cosmetics Co., Ltd. and the changes in share capital [1] Group 1: Convertible Bond Conversion Status - As of June 30, 2025, a total of RMB 969,000 of Proya's convertible bonds have been converted into A-shares, resulting in 7,092 shares, which accounts for 0.0025% of the company's total shares before conversion [2][7] - The amount of convertible bonds that have not been converted as of June 30, 2025, is RMB 750,744,000, representing 99.8711% of the total issuance [2][7] - During the quarter from April 1, 2025, to June 30, 2025, RMB 4,000 of convertible bonds were converted, resulting in 40 shares, which is 0.00001% of the total shares before conversion [2][7] Group 2: Convertible Bond Issuance Overview - Proya issued 7,517,130 convertible bonds on December 8, 2021, with a total value of RMB 75,171.30 million and a maturity of 6 years [3] - The initial conversion price was set at RMB 195.98 per share, which has been adjusted multiple times, with the latest conversion price being RMB 98.24 per share effective from October 23, 2023 [3][5][6] - The bond has a tiered interest rate structure, starting from 0.30% in the first year and increasing to 2.00% in the sixth year [3] Group 3: Share Capital Changes - The announcement includes details on the changes in share capital due to the conversion of convertible bonds, although specific figures for share capital changes are not provided [8]

Core Viewpoint - The credit rating for Proya Cosmetics Co., Ltd. remains stable, with both the company and its convertible bonds rated "AA" [1][2]. Group 1: Credit Rating Details - The previous bond rating was "AA", and the issuer rating was also "AA", with a stable outlook [1]. - The current bond rating is "AA", and the issuer rating is "AA", with a stable outlook, indicating no change from the previous rating [2]. - The credit rating was conducted by United Ratings, based on a comprehensive analysis of the company's operational status and industry conditions [2].

Core Viewpoint - The legal opinion letter from Grandall Law Firm (Hangzhou) confirms that Proya Cosmetics Co., Ltd.'s differentiated dividend distribution for the year 2024 complies with relevant laws and regulations, ensuring no harm to the interests of the company and its shareholders [1][9]. Group 1: Differentiated Dividend Distribution - The differentiated dividend distribution is based on the company's share repurchase plan, which was disclosed on December 20, 2023, involving a total repurchase amount between RMB 100 million and RMB 200 million, with a maximum repurchase price of RMB 130 per share [5][6]. - The company repurchased a total of 2,210,825 shares, which will not participate in profit distribution, leading to the implementation of differentiated dividends for the remaining shares [6][8]. - The 2024 profit distribution plan proposes a cash dividend of RMB 11.90 per 10 shares for all registered shareholders, excluding shares held in the repurchase account [6][7]. Group 2: Legal Compliance and Verification - The law firm conducted thorough verification of the facts related to the differentiated dividend distribution, ensuring the legality and compliance of the proposed actions under the Company Law and Securities Law [2][5]. - The law firm confirms that all documents and statements provided by Proya are complete and truthful, with no omissions that could affect the legal opinion [2][3]. - The legal opinion letter is intended solely for the purpose of the differentiated dividend distribution and cannot be used for other purposes without prior written consent from the law firm [3].

Core Viewpoint - The company has announced an adjustment to its 2024 profit distribution cash dividend total, reflecting changes in its total share capital due to the conversion of convertible bonds [2][4]. Summary by Sections Profit Distribution Plan - The company approved the 2024 profit distribution plan, which includes a cash dividend of 11.90 yuan (including tax) for every 10 shares held, based on the total share capital as of December 31, 2024 [2]. - The total number of shares for calculation is 396,247,555, excluding 2,210,825 shares held in the company's repurchase account, leading to an estimated total cash dividend distribution of 468,903,708.70 yuan, which represents 30.21% of the net profit attributable to shareholders [2]. Changes in Share Capital - The total share capital has changed due to the conversion of the company's convertible bonds, which began on June 14, 2022. As of the equity registration date of June 9, 2025, the total share capital increased to 396,247,626 shares [3]. - The company plans to maintain the per-share distribution ratio unchanged, adjusting the total distribution amount accordingly if there are changes in total share capital before the equity registration date [2][4]. Announcement and Compliance - The company has ensured that the announcement regarding the profit distribution does not contain any false records, misleading statements, or significant omissions, and it assumes legal responsibility for the accuracy and completeness of the content [1].

Core Points - The company announced a cash dividend of 1.19 CNY per share (including tax) for its A shares [1][4] - The total cash dividend distribution amounts to approximately 468.90 million CNY (including tax) based on a total share capital of 394,036,801 shares [2][4] - The ex-dividend date is set for June 17, 2025, with the record date being June 16, 2025 [1][2] Dividend Distribution Plan - The dividend distribution plan was approved at the company's annual general meeting on May 19, 2025 [1] - The cash dividend will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the record date [1][2] - The company will not distribute dividends to shares held in the repurchase special securities account [2][3] Tax Implications - For individual shareholders holding shares for over one year, the dividend income is temporarily exempt from personal income tax, resulting in an actual cash dividend of 1.19 CNY per share [3][4] - For shares held for one year or less, the company will not withhold personal income tax at the time of distribution, but tax will be calculated and deducted upon the transfer of shares [4][5] - For qualified foreign institutional investors (QFII), a 10% withholding tax will apply, resulting in a net cash dividend of 1.071 CNY per share [5] Adjustments to Convertible Bonds - Following the dividend distribution, the conversion price of the company's convertible bonds (referred to as "Perlai Convertible Bonds") will be adjusted from 97.41 CNY per share to 96.23 CNY per share, effective June 17, 2025 [6]