Core Viewpoint - The announcement details the conversion situation of the company's convertible bonds, including issuance, listing, and adjustments to the conversion price over time [1][2][3][5]. Group 1: Convertible Bond Issuance and Listing - The company issued 11.28 million convertible bonds with a total value of 112.8 million yuan, each with a face value of 100 yuan, approved by the China Securities Regulatory Commission [1]. - The bonds were listed on the Shenzhen Stock Exchange on November 3, 2021, under the name "百润转债" and code "127046" [2]. Group 2: Conversion Price Adjustments - The initial conversion price was set at 66.89 yuan per share, which was adjusted to 66.83 yuan on January 24, 2022, and further adjusted to 47.44 yuan on June 16, 2022, following the company's equity distribution [3]. - The conversion price was adjusted to 47.45 yuan on July 19, 2023, and subsequently to 46.95 yuan on August 25, 2023, after the completion of the company's half-year equity distribution [5]. Group 3: Conversion Situation - In the third quarter of 2025, the company saw a reduction of 414 bonds (valued at 41,400 yuan) due to conversions, resulting in a total of 881 shares converted [5]. - As of September 30, 2025, the remaining convertible bonds amounted to 11,274,695 bonds, with a total value of 1,127,469,500 yuan [5]. Group 4: Corporate Changes - The company completed the registration of changes in its business license, reducing its registered capital from 1,049,368,955 yuan to 1,048,548,555 yuan, following the approval of stock repurchase and amendments to the articles of association [7].

Core Points - The company Shanghai Bairun Investment Holding Group Co., Ltd. will pay the fourth-year interest on its convertible bonds on September 29, 2025, at a rate of 1.5% [2][10] - The interest payment will be RMB 15.00 per 10 bonds (face value of RMB 1,000), which is subject to a 20% withholding tax for individual investors [10][13] - The bond's credit rating remains stable at AA, as assessed by United Ratings [8][9] Summary by Sections Bond Payment Details - The bond code is 127046, and the total issuance is 1,128 million RMB (11.28 million bonds) [3][4] - The interest payment date is September 29, 2025, with a record date of September 26, 2025 [2][14] - The interest rates for the bond are structured to increase over the years, starting from 0.3% in the first year to 2.0% in the sixth year [4][10] Tax Implications - Individual bondholders will have a 20% tax withheld on interest payments, resulting in a net payment of RMB 12.00 per 10 bonds [10][13] - Qualified foreign institutional investors (QFII and RQFII) are exempt from corporate income tax and value-added tax on interest income [10][15] Bond Characteristics - The bonds were issued on September 29, 2021, and will mature on September 28, 2027 [3][4] - The bonds are listed on the Shenzhen Stock Exchange and do not have any guarantees [8]

Group 1 - The company Shanghai Bairun Investment Holding Group Co., Ltd. issued 11.28 million convertible bonds with a total amount of 1.128 billion yuan, approved by the China Securities Regulatory Commission [1][2] - The initial conversion price of the "Bairun Convertible Bonds" was set at 66.89 yuan per share, which has undergone several adjustments over time [2][4] - As of June 30, 2025, the remaining convertible bonds amounted to 11,275,109 units, with a total value of 1,127,510,900 yuan [2][5] Group 2 - The conversion price of the "Bairun Convertible Bonds" has been adjusted multiple times, with the latest adjustment setting it at 46.66 yuan per share effective from June 5, 2025 [2][4] - The total share capital of the company remains at 1,049,368,955 shares, with the changes attributed to the lock-up of shares by directors and supervisors [5][6] - The conversion period for the convertible bonds is from April 12, 2022, to September 28, 2027 [4][6]

Core Viewpoint - The company, Shanghai Bairun Investment Holding Group Co., Ltd., announces the suspension of the conversion of its convertible bonds during the implementation of the 2024 annual equity distribution, with the resumption of conversion set for the first trading day after the equity registration date [1][4]. Group 1 - The suspension of the conversion of the convertible bonds (Bairun Convertible Bonds; bond code: 127046) will take place from May 22, 2025, until the equity registration date for the 2024 annual equity distribution [1][4]. - The resumption of the conversion will occur on the first trading day following the equity registration date [1]. - The convertible bonds will continue to trade normally during the suspension period [2].

Group 1 - The company issued 11.28 million convertible bonds with a total value of 1.128 billion yuan, with an initial conversion price of 66.89 yuan per share [1][2][3] - The conversion price has been adjusted multiple times, currently standing at 46.96 yuan per share as of July 30, 2024 [3][5][4] - As of the first quarter of 2025, there were no conversions of the bonds, leaving 11,275,119 bonds remaining, valued at 1.127 billion yuan [5][4] Group 2 - The bonds were approved by the China Securities Regulatory Commission and began trading on November 3, 2021 [2][1] - The company has a structured process for adjusting the conversion price based on stock incentives and other corporate actions [3][5] - The company has provided additional resources for investors to understand the bond issuance and related details [5][6]