Core Viewpoint - The company, Guangzhou Baiyun Electric Equipment Co., Ltd., has announced adjustments to its share repurchase plan following its mid-year profit distribution, specifically lowering the maximum repurchase price per share from 14.70 yuan to 14.65 yuan due to changes in the total share capital and cash dividend distribution [2][3][4]. Group 1: Share Repurchase Plan - The company plans to use between 10 million yuan and 20 million yuan of its own and raised funds to repurchase shares through centralized bidding, with the intention of using the repurchased shares for employee stock ownership plans and/or equity incentives [2][6]. - The board approved the share repurchase plan on August 1, 2025, and further details were disclosed in subsequent announcements [2][6]. Group 2: Adjustment of Repurchase Price - The adjustment of the maximum repurchase price was necessitated by the company's mid-year profit distribution plan, which includes a cash dividend of 0.50 yuan per 10 shares, leading to a recalibration of the per-share distribution amount due to an increase in total share capital from the conversion of convertible bonds [3][4]. - The adjusted maximum repurchase price will take effect on September 25, 2025, and is calculated based on the formula that accounts for the cash dividend and changes in share capital [4]. Group 3: Progress of Share Repurchase - As of September 30, 2025, the company has not yet implemented any share repurchases, adhering to legal regulations and its own repurchase plan [8]. - The company will continue to monitor market conditions and make repurchase decisions accordingly, ensuring compliance with relevant regulations [8].

Core Points - The company announced a cash dividend distribution of 0.04554 CNY per share for the first half of 2025 [2][4][6] - The distribution plan was approved by the board on August 28, 2025, and does not require further shareholder approval [2][3] - The total amount of cash dividends to be distributed is approximately 24.5 million CNY, representing 30.34% of the net profit attributable to shareholders for the first half of 2025 [4][6] Distribution Plan - The 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 registration date [3][4] - The company will not distribute stock dividends or increase capital from reserves in this distribution [4][6] - The number of shares eligible for distribution is 538,001,517 after excluding shares held in the repurchase account [6][9] Taxation Details - For individual shareholders holding unrestricted shares, dividends are subject to different tax treatments based on the holding period, with a maximum tax rate of 20% for shares held for less than one month [12][13] - For qualified foreign institutional investors (QFII), a 10% withholding tax will apply to dividends [14] - The actual cash dividend received by shareholders after tax will be 0.04099 CNY per share for those subject to withholding [12][14] Implementation Method - The cash dividends will be distributed through the China Securities Depository and Clearing Corporation's clearing system, with specific arrangements for shareholders who have designated trading [8][10] - Shareholders who have not designated trading will have their dividends held by the clearing company until they complete the necessary procedures [8][10]

Core Viewpoint - The company has adjusted its 2025 interim profit distribution plan, reducing the cash dividend per share from 0.05000 yuan to 0.04554 yuan due to an increase in total shares outstanding following the conversion of convertible bonds [2][8]. Summary by Sections 1. Adjustment of Profit Distribution - The cash dividend per share has been adjusted from 0.05000 yuan (including tax) to 0.04554 yuan (including tax) [2]. - The adjustment is due to the conversion of the company's convertible bonds, which resulted in an increase of 47,968,009 shares, raising the total share capital from 492,559,946 shares to 540,527,955 shares [2][6]. 2. Previous Profit Distribution Plan - The initial profit distribution plan proposed a cash dividend of 0.50 yuan per 10 shares (including tax), with a total cash dividend of 24,501,675.40 yuan (including tax), representing 30.34% of the net profit attributable to shareholders for the first half of 2025 [3][8]. - The actual number of shares eligible for distribution was calculated to be 490,033,508 shares after excluding repurchased shares [3]. 3. Changes in Total Share Capital - The company triggered the conditional redemption clause of its convertible bonds due to the stock price exceeding 130% of the conversion price for 15 consecutive trading days [5]. - The redemption of the convertible bonds was completed by August 28, 2025, resulting in a total share capital increase [6]. 4. Share Repurchase Situation - The company has approved a share repurchase plan with a budget between 10 million yuan and 20 million yuan, intended for employee stock ownership plans or equity incentives [10]. - As of the announcement date, no shares had been repurchased yet, and the number of shares in the repurchase account remained unchanged at 2,526,438 shares [11][12]. 5. Adjusted Profit Distribution Plan - The adjusted profit distribution plan now states a cash dividend of 0.04554 yuan per share, with a total distribution amount of approximately 24,500,589.08 yuan (including tax) [8]. - This total distribution still represents 30.34% of the net profit attributable to shareholders for the first half of 2025 [8].

Core Viewpoint - The company has adjusted its cash dividend per share for the 2025 interim profit distribution from 0.05000 yuan to 0.04554 yuan due to an increase in total shares outstanding following the conversion of convertible bonds [1][5]. Summary by Sections Adjustment of Dividend Distribution - The cash dividend per share has been revised from 0.05000 yuan (including tax) to 0.04554 yuan (including tax) [1]. - The adjustment is due to the conversion of the company's convertible bonds, resulting in an increase of 47,968,009 shares, raising the total share capital from 492,559,946 shares to 540,527,955 shares [1][3]. Previous Profit Distribution Plan - The initial profit distribution plan proposed a cash dividend of 0.50 yuan for every 10 shares (including tax) [1]. - As of June 30, 2025, the total share capital was 492,559,946 shares, with 2,526,438 shares held in a repurchase account not participating in the distribution [2]. Changes in Total Share Capital - The total share capital increased to 540,527,955 shares due to the conversion of convertible bonds, which was completed by August 28, 2025 [3]. - The company triggered the conditional redemption of the convertible bonds on August 6, 2025, following the stock price meeting the required threshold [2][3]. Share Repurchase Situation - The company has approved a share repurchase plan with a budget between 10 million yuan and 20 million yuan, but as of the announcement date, no shares have been repurchased [4]. - The number of shares in the repurchase account remains at 2,526,438, which will not participate in the profit distribution [4]. Revised Profit Distribution Plan - The adjusted cash dividend per share is calculated based on the unchanged total distribution amount, resulting in a new dividend of 0.04554 yuan per share [5]. - The total profit distribution amount is 24,500,589.08 yuan (including tax), which represents 30.34% of the net profit attributable to shareholders for the first half of 2025 [5].

Core Viewpoint - Baiyun Electric announced a reduction in cash dividend per share from 0.05000 yuan (including tax) to 0.04554 yuan (including tax) due to an increase in total shares outstanding following the conversion of convertible bonds [1] Summary by Relevant Sections - **Dividend Adjustment**: The cash dividend per share has been adjusted to 0.04554 yuan (including tax) from the previously announced 0.05000 yuan (including tax) [1] - **Reason for Adjustment**: The adjustment is due to the issuance of an additional 47,968,009 shares resulting from the conversion of the company's convertible bonds "Bai Electric Convertible Bonds," increasing the total share capital from 492,559,946 shares to 540,527,955 shares [1] - **Distribution Principle**: The company maintains the principle of unchanged total distribution amount, leading to the corresponding adjustment in the cash dividend per share [1]

Core Points - The company announced the redemption results of its convertible bonds, "Bai Electric Convertible Bonds," with a total redemption amount of 1,130,503.87 yuan, including interest [1][2] - The redemption was triggered as the stock price met the condition of being at least 130% of the conversion price for 15 consecutive trading days [1][2] - The redemption date is set for August 29, 2025, and the bonds will be delisted on the same day [1][2] Redemption Details - The total number of bonds redeemed is 1,113,000 yuan, equivalent to 11,130 bonds [1][2] - The redemption price per bond is calculated at 101.5726 yuan, which includes the principal and accrued interest [2][3] - The accrued interest is calculated based on a 2.00% annual interest rate over 287 days, resulting in 1.5726 yuan per bond [2][3] Impact on Company - The total redemption amount will not significantly impact the company's cash flow [4] - Following the redemption, the company's total share capital will increase, supporting sustainable development [4] - As of August 28, 2025, a total of 878,887,000 yuan of the convertible bonds have been converted into 113,083,478 shares, representing 25.0223% of the total shares before conversion [2][4] Shareholding Changes - Post-redemption, the shareholding structure shows a decrease in the percentage of shares held by major shareholders, with the largest shareholder group now holding 55.49% of the voting rights [4][5] - The shareholding of individual major shareholders has also decreased proportionally due to the conversion of bonds into shares [4][5]

Group 1 - The company announces the redemption and delisting of the "Bai Electric Convertible Bond" effective from August 29, 2025 [4][8][14] - The last trading day for the "Bai Electric Convertible Bond" is August 25, 2025, and it will stop trading from August 26, 2025 [2][6][15] - The last conversion date for the bond is August 28, 2025, with a conversion price of 7.63 yuan per share [3][4][5] Group 2 - The redemption price for the bond is set at 101.5726 yuan per bond, which includes the face value and accrued interest [10][12][14] - The accrued interest is calculated to be 1.5726 yuan per bond based on a 2.00% annual interest rate over 287 days [11][12] - Investors must convert their bonds within the specified period to avoid forced redemption at the set price [4][17] Group 3 - The company triggered the conditional redemption clause as the stock price exceeded 130% of the conversion price for 15 trading days [5][8] - The redemption registration date is August 28, 2025, and the funds will be distributed on August 29, 2025 [6][10][14] - The company will provide further announcements regarding the redemption results and its impact on the company after the redemption process [14][15]

Core Points - The company has announced the redemption and delisting of the "Bai Dian Convertible Bond" with specific dates and prices outlined [1][2][3] Redemption Details - Redemption registration date is set for August 28, 2025 [1] - Redemption price is 101.5726 CNY per bond [1][4] - Redemption funds will be distributed on August 29, 2025 [1][6] - The last trading day for the bonds is August 25, 2025, after which trading will cease [1][6] Conversion and Trading Information - The last conversion date for the bonds is August 28, 2025, with only one trading day left before this date [1][6] - Investors can convert their bonds at a price of 7.63 CNY per share within the specified timeframe [2][4] - The company has triggered the conditional redemption clause due to the stock price meeting the required threshold [2][4] Tax and Payment Information - The interest income tax for individual investors is set at 20%, affecting the net redemption amount [4][5] - The actual redemption amount after tax for individual investors will be 101.2581 CNY per bond [4][5] Post-Redemption Actions - Following the redemption, the "Bai Dian Convertible Bond" will be delisted from the Shanghai Stock Exchange on August 29, 2025 [1][6] - The company will notify bondholders of the redemption results and its impact on the company after the redemption process is completed [6][7]

Core Points - The company announces the redemption and delisting of the "Bai Dian Convertible Bonds" effective from August 26, 2025 [2][3] - The last conversion date for the bonds is August 28, 2025, with only three trading days remaining until this date [3][12] - The bonds will be redeemed at a price of 101.5726 yuan per bond, which includes the face value and accrued interest [5][8] - The redemption will take place on August 29, 2025, and the bonds will be delisted from the Shanghai Stock Exchange on the same day [13][11] Redemption Details - The conditional redemption clause was triggered as the company's stock price was above 130% of the conversion price for 15 trading days [4][6] - The redemption registration date is set for August 28, 2025, and the last trading day for the bonds is August 25, 2025 [5][12] - Investors must convert their bonds by the deadline or face forced redemption at the specified price [4][14] Interest and Taxation - The accrued interest for the bonds is calculated to be 1.5726 yuan per bond based on a 2.00% annual interest rate over 287 days [8][9] - Individual investors are subject to a 20% tax on the interest income, resulting in a net redemption amount of 101.2581 yuan per bond after tax [9][10] Communication and Contact - The company will provide further announcements regarding the redemption process and its implications on the Shanghai Stock Exchange and designated media [10][11] - For inquiries, investors can contact the company's board office at the provided phone number [15]

Core Viewpoint - The company announces the early redemption of its convertible bonds "Bai Dian Convertible Bonds" with specific dates and conditions for redemption and trading cessation [1][2][3] Redemption Details - Redemption registration date is set for August 28, 2025 [1] - Redemption price is 101.5726 CNY per bond [1][4] - Redemption funds will be distributed on August 29, 2025 [1][6] - Last trading day for the bonds is August 25, 2025, after which trading will cease [1][6] Conversion and Trading Information - The last conversion date for the bonds is August 28, 2025, with only three trading days remaining until this date [1][6] - The company emphasizes the importance for bondholders to convert their bonds within the specified period to avoid forced redemption [2][7] Conditional Redemption Clause - The conditional redemption clause has been triggered as the company's stock price has met the required threshold [3][4] - The stock price must be at least 130% of the conversion price for a specified number of trading days for the redemption to occur [3][4] Interest and Tax Information - The accrued interest for the bonds is calculated to be 1.5726 CNY per bond, leading to a total redemption amount of 101.5726 CNY [4][5] - Tax implications for individual investors include a 20% tax on interest income, resulting in a net redemption amount of 101.2581 CNY after tax [5][6] Post-Redemption Actions - Following the redemption, the bonds will be delisted from the Shanghai Stock Exchange on August 29, 2025 [1][6] - The company will notify bondholders of the redemption results and its impact on the company through official announcements [6][7]