Core Viewpoint - The announcement provides an update on the conversion results of the company's convertible bonds, indicating low conversion activity and significant amounts of unconverted bonds. Group 1: Convertible Bond Issuance and Listing - The company issued 30.30 billion yuan worth of convertible bonds on November 22, 2022, with a face value of 100 yuan per bond and a maturity period of six years [3] - The bonds were listed on the Shanghai Stock Exchange on December 22, 2022, under the name "福22转债" and code "113661" [4] Group 2: Conversion Status - As of June 30, 2025, a total of 115,000 yuan of "福22转债" has been converted into 2,828 shares, representing 0.00015% of the company's total shares before conversion [2][10] - During the quarter from April 1 to June 30, 2025, 4,000 yuan of "福22转债" was converted into 266 shares, accounting for 0.000014% of the total shares before conversion [2][10] - The amount of unconverted convertible bonds as of June 30, 2025, is 3,029,874,000 yuan, which constitutes 99.9962% of the total issuance [2][10] Group 3: Conversion Price Adjustments - The initial conversion price of "福22转债" was set at 65.07 yuan per share, adjusted to 46.37 yuan on May 26, 2023, and further adjusted to 32.94 yuan on June 24, 2024 [5][6] - Following a downward adjustment approved on March 17, 2025, the conversion price was set to 15.00 yuan per share, and subsequently adjusted to 14.74 yuan on June 24, 2025 [6][7] Group 4: Redemption Status - The company held bondholder meetings in September 2023 and October 2024, resulting in the redemption of 60 and 50 bonds, respectively, during the specified redemption periods [8][9]

Group 1 - The company, Hangzhou Foster Applied Materials Co., Ltd., issued convertible bonds totaling RMB 3.03 billion, approved by the China Securities Regulatory Commission [1][6] - The bonds were issued on November 22, 2022, with a face value of RMB 100 each, and a maturity period of 6 years [1][6] - The initial conversion price for the bonds is set at RMB 65.07 per share, with provisions for adjustments based on corporate actions [2][4] Group 2 - The company reported a net profit attributable to shareholders of RMB 130.76 million for the year 2024, a decrease of 29.33% compared to the previous year [6] - Total assets as of December 31, 2024, amounted to RMB 2.12 billion, reflecting a 2.86% decrease from the beginning of the year [6] - The company's operating revenue for 2024 was RMB 1.91 billion, down 15.23% from 2023 [6] Group 3 - The funds raised from the convertible bonds are allocated for various projects, including a reduction in the scale of a photomask project and a shift in funding to new projects in Guangdong and Vietnam [4][6] - The company has established a dedicated account for managing the raised funds, ensuring compliance with regulatory requirements [4][6] - The bond trustee, Guotai Junan Securities Co., Ltd., has been monitoring the company's financial and operational status to protect bondholders' interests [5]

Group 1 - The company will stop the conversion of "Fu 22 Convertible Bonds" from June 16, 2025, until the equity registration date due to the implementation of the 2024 annual equity distribution [1][3] - The 2024 annual equity distribution plan includes a cash dividend of 2.60 yuan (including tax) for every 10 shares, based on the total number of shares minus those held in the company's repurchase account [2][3] - The equity distribution plan was approved at the 2024 annual shareholders' meeting held on April 30, 2025 [2] Group 2 - The company will announce the implementation of the equity distribution and the adjustment of the conversion price for "Fu 22 Convertible Bonds" on June 17, 2025 [3] - Holders of "Fu 22 Convertible Bonds" can convert their bonds until June 13, 2025, to enjoy the equity distribution [3] - The conversion price of "Fu 22 Convertible Bonds" will be adjusted according to the terms outlined in the prospectus following the equity distribution [2]