Core Viewpoint - The company announces an adjustment to the conversion price of its convertible bonds due to the implementation of the 2024 annual equity distribution, with the new conversion price set at 18.90 CNY per share, effective from July 14, 2025 [1][5]. Summary by Sections Securities Suspension and Resumption - The company's convertible bonds will be suspended from conversion from July 7, 2025, until the equity distribution record date of July 11, 2025, and will resume conversion on July 14, 2025 [1]. Conversion Price Adjustment Basis - The adjustment of the conversion price is based on the total share capital after deducting shares held in the company's repurchase account, with a cash dividend of 1.00 CNY per 10 shares distributed to all shareholders [1][2]. Conversion Price Adjustment Method - The conversion price adjustment follows specific formulas outlined in the prospectus, considering factors such as stock dividends, capital increases, and cash dividends [2][3]. Conversion Price Adjustment Results - The previous conversion price was 19.00 CNY per share, and after calculating the cash dividend of approximately 0.0995 CNY per share, the new conversion price is set at 18.90 CNY per share [4][5]. Additional Information - Investors seeking more details about the convertible bonds can refer to the company's prospectus published on September 7, 2023, on the Shanghai Stock Exchange website [5].

Core Viewpoint - The company has announced a differentiated dividend distribution plan, proposing a cash dividend of RMB 1.00 per 10 shares, with a total cash dividend distribution amounting to approximately RMB 16.70 million after excluding shares in the repurchase account [1][2][3] Dividend Distribution Plan - The dividend distribution plan was approved at the 2024 annual general meeting held on May 15, 2025 [1] - The total share capital of the company is 167,813,997 shares, with 860,000 shares in the repurchase account excluded from the distribution, resulting in 166,953,997 shares participating in the dividend distribution [2][3] - The cash dividend per share is calculated as approximately RMB 0.0995 [3] Relevant Dates - The key dates for the dividend distribution are the equity registration date, ex-dividend date, and cash dividend payment date [3] Implementation of Distribution - The cash dividends will be distributed through the China Securities Depository and Clearing Corporation Limited Shanghai Branch for shareholders holding unrestricted circulating shares [4] - Shareholders in the repurchase account will not participate in the profit distribution [4] Taxation on Dividends - For individual shareholders holding shares for over one year, the dividend income is exempt from personal income tax, while those holding for one year or less will have tax withheld upon stock transfer [5][6] - For qualified foreign institutional investors (QFII), a 10% corporate income tax will be withheld, resulting in a net cash dividend of RMB 0.09 per share [5][6] - Other corporate shareholders are responsible for their own tax declarations, with a pre-tax cash dividend of RMB 0.10 per share [6]

Group 1 - The company will adjust the conversion price of its convertible bonds from 19.00 CNY/share to 18.90 CNY/share due to the implementation of the 2024 annual profit distribution plan [1][4] - The profit distribution plan involves distributing a cash dividend of 1.00 CNY per 10 shares to all shareholders, with no increase in share capital or bonus shares [1][2] - The adjustment of the conversion price will take effect on the first trading day after the equity registration date [1][4] Group 2 - The company will suspend the conversion of its convertible bonds from July 7, 2025, until the equity registration date, with resumption on the first trading day after the registration [2][3] - The total share capital as of June 30, 2025, is 167,813,997 shares, with 860,000 shares in the repurchase account, resulting in 166,953,997 shares participating in the profit distribution [3][4] - The cash dividend per share, calculated based on the adjusted total share capital, is approximately 0.0995 CNY/share [4]

Group 1 - The core point of the announcement is that the conversion price of the company's convertible bonds will be adjusted from 19 CNY per share to 18.9 CNY per share due to the implementation of the 2024 annual equity distribution [1] - The equity distribution plan includes a cash dividend of 1 CNY (before tax) for every 10 shares held, with the record date set for July 8, 2025, and the ex-dividend date on July 9, 2025 [1] - The company's convertible bonds will suspend conversion from July 7, 2025, until the record date for the equity distribution [1]