Core Viewpoint - The company, 聚合顺, is actively engaging in financial maneuvers including providing guarantees for subsidiaries and conducting share buybacks, which have implications for its capital structure and investor relations [1][3][4]. Group 1: Financial Performance and Trading Information - As of July 3, 2025, 聚合顺's stock closed at 11.31 yuan, with a slight increase of 0.35% and a trading volume of 70,500 hands, resulting in a total transaction amount of 79.44 million yuan [1]. - On the same day, the net outflow of main funds was 11.27 million yuan, accounting for 14.18% of the total transaction amount, while retail investors saw a net inflow of 6.01 million yuan, representing 7.57% of the total [1]. Group 2: Guarantees and Capital Structure - 聚合顺 has provided guarantees totaling 165 million yuan, 22 million yuan, and 33 million yuan for its subsidiaries, with the total external guarantees exceeding 100% of the latest audited net assets [1][3]. - The company has signed a guarantee contract with 浙江商银行, covering all debts, interest, and fees for a period of three years [1]. Group 3: Convertible Bonds - As of June 30, 2025, a total of 398,000 yuan of "聚合转债" has been converted into A-shares, representing 0.1951% of the total issuance, while 17,000 yuan of "合顺转债" has been converted, accounting for 0.0050% [2]. - The total amount of unconverted "聚合转债" is 203.60 million yuan, which is 99.8049% of the total issuance, and for "合顺转债," it is 337.98 million yuan, or 99.9950% [2]. Group 4: Share Buyback and Capital Reduction - The company has repurchased 850,900 shares, which is 0.2696% of the total share capital, at an average price of 12.80 yuan per share, resulting in a total expenditure of approximately 10.89 million yuan [4]. - Following the buyback, the registered capital decreased from 315.55 million yuan to 314.70 million yuan [4].

Core Viewpoint - The company announced adjustments to the conversion prices of its convertible bonds due to the implementation of the 2024 profit distribution plan, which includes cash dividends to shareholders [1][5]. Summary by Sections Convertible Bond Basic Information - "聚合转债" (Juheshun Convertible Bond) was issued with a total face value of 204 million yuan, with a maturity of 6 years and a coupon rate that increases over the years, starting from 0.4% in the first year to 3.0% in the sixth year [2][3]. - "合顺转债" (Heshun Convertible Bond) was issued with a total face value of 338 million yuan, also with a maturity of 6 years and a coupon rate starting from 0.2% in the first year to 2.5% in the sixth year [4]. Conversion Price Adjustment Details - The conversion price for "聚合转债" was adjusted from 11.50 yuan/share to 11.37 yuan/share, effective from June 20, 2025 [2][8]. - The conversion price for "合顺转债" was adjusted from 10.72 yuan/share to 10.59 yuan/share, also effective from June 20, 2025 [2][8]. Basis for Conversion Price Adjustment - The adjustments were made in accordance with the profit distribution plan approved at the 2024 annual shareholders' meeting, which includes a cash dividend of 1.33 yuan per 10 shares [5][6]. - The formula used for the adjustment is P1 = P0 - D, where P1 is the adjusted conversion price, P0 is the previous conversion price, and D is the cash dividend per share [8]. Regulatory Compliance - The company ensured that the adjustments comply with the relevant provisions in the convertible bond issuance prospectuses and will disclose the details on the Shanghai Stock Exchange [6][8].

| 证券代码：605166 | 证券简称：聚合顺 | 公告编号：2025-014 | | --- | --- | --- | | 转债代码：111003 | 转债简称：聚合转债 | | | 转债代码：111020 | 转债简称：合顺转债 | | 杭州聚合顺新材料股份有限公司 关于"聚合转债"2025 年付息的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 杭州聚合顺新材料股份有限公司(以下简称"本公司"或"公司")于 2022 年 3 月 7 日发行的可转换公司债券（以下简称"可转债"）将于 2025 年 3 月 7 日 开始支付自 2024 年 3 月 7 日至 2025 年 3 月 6 日期间的利息。根据本公司《杭州 聚合顺新材料股份有限公司公开发行可转换公司债券募集说明书》（以下简称 "《募集说明书》"）有关条款的规定，现将有关事项公告如下： （六）发行总额：20,400 万元； ●可转债付息债权登记日：2025 年 3 月 6 日 ●可转债除息日：2025 年 3 月 7 日 ●可转债兑息日：20 ...