Core Points - The announcement details the conversion of the company's convertible bonds and the changes in its share capital structure [2][8] - The initial conversion price of the bonds has been adjusted multiple times due to corporate actions such as stock buybacks and profit distributions [4][5][6] - The company has been actively repurchasing its shares to facilitate the conversion of the bonds, with a total of 2,427,700 shares repurchased by September 30, 2025 [12][13] Convertible Bond Issuance - The company issued 6 million convertible bonds on July 3, 2023, with a total value of 600 million yuan and a maturity of 6 years [2] - The bonds are listed on the Shenzhen Stock Exchange under the name "赫达转债" with a bond code of 127088 [2] Conversion Price Adjustments - The initial conversion price was set at 17.40 yuan per share, which was adjusted to 17.39 yuan after a stock buyback [4] - Further adjustments brought the conversion price down to 17.19 yuan and then to 17.00 yuan due to additional corporate actions [5][6] - The latest adjustment set the conversion price at 16.85 yuan, effective from January 3, 2025 [6] Share Capital Changes - As of September 30, 2025, the company had 5,998,463 convertible bonds remaining, with a total value of approximately 599.85 million yuan [8] - The company reported a reduction of 130 bonds and an increase of 771 shares due to the conversion process [8] Share Buyback Progress - The company initiated a share buyback program with a budget between 50 million and 100 million yuan, with a maximum buyback price of 18.00 yuan per share [12] - By September 30, 2025, the company had repurchased shares at prices ranging from 11.10 yuan to 14.289 yuan, totaling approximately 29.93 million yuan [13]

Core Viewpoint - Shandong Heda Group Co., Ltd. announced its 2025 interim profit distribution plan, which includes a cash dividend of 1.00 RMB per 10 shares, totaling approximately 34.64 million RMB, based on a total share capital of 348,136,913 shares, excluding repurchased shares [2][3][28]. Group 1: Dividend Distribution Plan - The company will distribute a cash dividend of 1.00 RMB for every 10 shares held, amounting to a total cash distribution of 34,644,921.30 RMB (including tax) [3][4][28]. - The distribution will be based on a total share capital of 346,359,811 shares after excluding 1,777,102 shares held in the repurchase account [2][4][28]. - The ex-dividend date is set for September 17, 2025, with the record date being September 16, 2025 [8][9]. Group 2: Convertible Bond Adjustments - The conversion price for the company's convertible bonds (Heda Convertible Bonds, code: 127088) will be adjusted from 16.85 RMB to 16.75 RMB per share, effective from September 17, 2025 [12][19][21]. - This adjustment is due to the cash dividend distribution, calculated as the previous conversion price minus the cash dividend per share [21][27]. Group 3: Share Repurchase Program - The company has a share repurchase program with a maximum price limit adjusted to 17.90 RMB per share following the dividend distribution [29][30]. - As of August 29, 2025, the company has repurchased 1,777,700 shares, representing approximately 0.51% of the total share capital [26][28]. - The total funds used for repurchase amount to approximately 21.13 million RMB, with remaining funds available for further repurchase estimated at 78.87 million RMB [29][30].

Core Viewpoint - The company has initiated a share repurchase plan to buy back its own shares using its own funds, with the aim of converting these shares into convertible bonds issued by the company [2]. Group 1: Share Repurchase Plan - The company approved a share repurchase plan on April 15, 2025, with a total repurchase amount between RMB 50 million and RMB 100 million, and a maximum repurchase price of RMB 18.00 per share [2]. - The repurchase period is set for 12 months from the date of board approval [2]. - As of August 29, 2025, the company has repurchased a total of 1,777,700 shares, accounting for approximately 0.5106% of the total share capital, with a total transaction amount of RMB 21,130,571 [2]. Group 2: Compliance and Regulations - The share repurchase complies with relevant laws and regulations, as well as the company's established repurchase plan [3]. - The company has adhered to the Shenzhen Stock Exchange's guidelines regarding the timing and conditions for share repurchase [4][5]. - The company will continue to implement the repurchase plan based on market conditions and will fulfill its information disclosure obligations as required by law [6].

Core Viewpoint - The announcement details the results of the repurchase of the "Heda Convertible Bonds," indicating a low level of participation from investors in the repurchase program [1][3]. Group 1: Repurchase Details - The repurchase price for the bonds is set at 100.088 CNY per bond, inclusive of interest and tax [1][2]. - The repurchase application period is from August 4, 2025, to August 8, 2025 [2]. - The total number of valid repurchase applications received is 40 bonds, amounting to a total repurchase value of 4,003.52 CNY, including interest and tax [3]. Group 2: Financial Impact - The repurchase will not have a substantial impact on the company's financial status, operational results, cash flow, or capital structure [4]. - The company's ability to fulfill its debt obligations and maintain ongoing operations remains unaffected by this repurchase [4]. Group 3: Subsequent Actions - Unrepurchased "Heda Convertible Bonds" will continue to be traded on the Shenzhen Stock Exchange [4].

Group 1 - The company announced the results of the convertible bond repurchase, with a total of 40 bonds repurchased, amounting to 4,003.52 yuan (including interest and tax) [2] - The repurchase period for the "Heda Convertible Bonds" ended on August 8, 2025, and the funds will be credited to investors' accounts by August 15, 2025 [2] - The repurchase will not have a substantial impact on the company's financial status, operating results, cash flow, or capital structure, nor will it impair the company's debt servicing ability or ongoing viability [2] Group 2 - The company provided multiple announcements regarding the bond repurchase process, ensuring transparency and compliance with relevant regulations [1] - Unredeemed "Heda Convertible Bonds" will continue to be traded on the Shenzhen Stock Exchange [2] - The company has fulfilled its obligations by transferring the repurchase funds and fees to the designated account of the China Securities Depository and Clearing Corporation [2]

Group 1 - The company held its 24th meeting of the 9th Board of Directors on August 8, 2025, with all 7 directors present, and the meeting was conducted via telecommunication [2][4] - The Board of Directors approved the proposal not to lower the conversion price of the "Heda Convertible Bonds" [3][4] - The current conversion price is set at 16.85 yuan per share, and the conversion period is from January 8, 2024, to July 2, 2029 [8][9] Group 2 - The company issued a total of 600 million yuan in convertible bonds, with a face value of 100 yuan each, on July 3, 2023 [9] - The initial conversion price was set at 17.40 yuan per share, which has been adjusted multiple times due to various corporate actions [11][12][14] - As of August 8, 2025, the company's stock has triggered the downward adjustment clause for the conversion price, but the Board decided not to implement any downward adjustments for the next six months [17]

Group 1 - The company Shandong Heda announced that as of August 8, 2025, its stock has triggered the downward adjustment clause for the "Heda Convertible Bonds" conversion price [2] - The company's board of directors decided not to adjust the conversion price of the "Heda Convertible Bonds" downward during the upcoming six-month period from August 8, 2025, to February 7, 2026 [2] - Starting from February 8, 2026, if the downward adjustment clause is triggered again, the board will convene to decide whether to exercise the right to adjust the conversion price [2]

Core Viewpoint - Shandong Heda announced that its board meeting on August 8, 2025, reviewed the proposal regarding not adjusting the conversion price of "Heda Convertible Bonds" [2] Financial Performance - For the year 2024, Shandong Heda's revenue composition is as follows: - Cellulose ether: 71.32% - Plant capsules: 20.96% - Trade chemical products - others: 4.87% - Graphite chemical equipment: 1.56% - Diacetone acrylamide: 0.98% [2]

Group 1 - The company Shandong Heda announced that the "Heda Convertible Bonds" will resume conversion starting from the trading day following the end of the repurchase application period, which is August 11, 2025 [2]

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