Group 1 - The company Shanghai HIUV New Materials Co., Ltd. issued convertible bonds totaling RMB 694 million, with a face value of RMB 100 per bond, approved by the board and shareholders in 2021 [2][3]. - The bonds were listed on the Shanghai Stock Exchange on July 21, 2022, under the name "Haiyou Convertible Bonds" with the code "118008" [3]. - The bonds have a six-year term from June 23, 2022, to June 22, 2028, with a tiered interest rate starting at 0.30% in the first year and increasing to 2.70% in the sixth year [3][4]. Group 2 - The initial conversion price for the bonds is set at RMB 217.42 per share, subject to adjustments based on various corporate actions [5][6]. - The company has the right to redeem the bonds if the stock price exceeds 130% of the conversion price for a specified period or if the remaining bonds are less than RMB 30 million [8][9]. - The company has a credit rating of AA- for the bonds, which was upgraded to A+ in 2024, indicating a stable outlook [12][13]. Group 3 - The company focuses on the research, production, and sales of special polymer films, primarily serving the photovoltaic industry with products like transparent EVA films and POE films [14]. - In 2024, the company established an automotive division to develop new film materials for automotive applications, responding to market demands [14]. - The company's revenue for 2024 was reported at RMB 259.14 million, a decrease of 46.81% compared to the previous year, with a net loss attributed to increased competition and reduced sales prices [15].