Group 1 - The company has been approved by the China Securities Regulatory Commission to issue 10,160,000 convertible bonds, raising a total of RMB 1,016,000,000, with a net amount of RMB 1,004,159,622.64 after deducting issuance costs [2][4] - The company has established a special account for the management of the raised funds and signed a four-party supervision agreement with the sponsor and the bank [5][8] - The special account is specifically for the "Shandong Ruilin Polymer Air Separation Supply Project" and must not be used for other purposes [8][9] Group 2 - The company held a board meeting on November 7, 2025, to approve changes to the investment scale of the fundraising project and to use surplus funds for loans to a subsidiary [4][5] - The four-party supervision agreement includes provisions for the management and use of the raised funds, ensuring compliance with relevant laws and regulations [8][10] - The agreement stipulates that the sponsor has the right to supervise the use of the funds and must conduct checks every six months [10][12] Group 3 - The company announced a buyback option for the convertible bonds at a price of RMB 100.38 per bond, including accrued interest [16][22] - The buyback period is from December 3 to December 9, 2025, with funds to be disbursed on December 12, 2025 [19][23] - During the buyback period, the convertible bonds will continue to trade but will not be convertible into shares [25]

Core Viewpoint - The company announces the second reminder regarding the optional redemption of its convertible bonds, "Jinhong Convertible Bonds," with a redemption price set at 100.38 RMB per bond, including accrued interest [2][3]. Redemption Terms - The redemption price is 100.38 RMB per bond, which includes accrued interest calculated based on a coupon rate of 1.00% for 139 days [5][9]. - The redemption period is from December 3, 2025, to December 9, 2025, during which the convertible bonds will stop being convertible into shares [3][8]. - The company will pay the redemption funds on December 12, 2025 [10]. Redemption Rights - Holders of "Jinhong Convertible Bonds" have the right to redeem all or part of their unconverted bonds, and this redemption is not mandatory [5][6]. - The redemption right can be exercised during the specified redemption period through the Shanghai Stock Exchange trading system [6][8]. Trading During Redemption Period - "Jinhong Convertible Bonds" will continue to trade during the redemption period but will not be convertible into shares [12]. - If the total face value of the convertible bonds falls below 30 million RMB due to redemptions, trading will continue until the end of the redemption period, after which the company will announce the results [12].

Core Viewpoint - The company has announced the terms for the repurchase of its convertible bonds, "Jinhong Convertible Bonds," allowing bondholders to sell their bonds back to the company at a specified price due to changes in the use of raised funds [1][5]. Group 1: Repurchase Terms - The repurchase price for "Jinhong Convertible Bonds" is set at 100.38 RMB per bond, which includes the accrued interest [2][8]. - The repurchase period is from December 3, 2025, to December 9, 2025, with funds to be disbursed on December 12, 2025 [2][9]. - During the repurchase period, the "Jinhong Convertible Bonds" will stop converting into shares but will continue to trade [11]. Group 2: Repurchase Conditions - Bondholders have the right to choose whether to participate in the repurchase, and it is not mandatory [5][6]. - The repurchase is triggered if there are significant changes in the implementation of the fundraising compared to the commitments made in the prospectus [1][5]. - The calculation of accrued interest for the repurchase is based on a coupon rate of 1.00% for the third year, with the interest amounting to approximately 0.38 RMB per bond [1][8]. Group 3: Repurchase Process - Bondholders must submit their repurchase requests through the Shanghai Stock Exchange trading system during the designated period [6][7]. - If a submission fails on the first day, bondholders can continue to submit requests on subsequent days within the repurchase period [7]. - The company will announce the results of the repurchase and its impact after the repurchase period ends [10]. Group 4: Contact Information - For inquiries, bondholders can contact the company's securities department at 0512-65789892 [12].

Group 1 - The announcement from Jinhong Gas states that the bondholders of "Jinhong Convertible Bonds" have the right to choose whether to sell back their bonds, which is not mandatory [1] - The sell-back price is set at RMB 100.38 per bond, including the current interest [1] - As of the announcement date, the closing price of "Jinhong Convertible Bonds" is higher than the sell-back price, indicating that bondholders may incur losses if they choose to sell back [1]

Core Points - The company Jin Hong Gas announced that convertible bondholders can choose to sell their "Jin Hong Convertible Bonds" at a price of RMB 100.38 per bond, including the current interest [2] - As of the announcement date, the closing price of the "Jin Hong Convertible Bonds" is higher than the repurchase price, indicating that bondholders opting for the repurchase may incur losses [2]

Group 1 - The core point of the announcement is the resolutions passed during the second extraordinary general meeting of shareholders held by Jin Hong Gas Co., Ltd. on November 24, 2025, with no proposals being rejected [2][10]. - The meeting was held at the VIP conference room in Suzhou, and it was presided over by the chairman, Mr. Jin Xianghua, using a combination of on-site and online voting methods [2][4]. - All nine current directors and the board secretary attended the meeting, ensuring full representation of the board [3][14]. Group 2 - Two main resolutions were approved: one regarding the change in the investment scale of the raised funds and the other concerning the amendment of the registered capital and the company's articles of association [4][12]. - The first resolution was passed with a simple majority, while the second required a special resolution, needing two-thirds of the voting rights to be in favor [5][6]. - The meeting was legally witnessed by Jiangsu Yiyou Tianyuan Law Firm, confirming that all procedures and voting results were compliant with relevant laws and regulations [7][13]. Group 3 - The first bondholders' meeting for the "Jin Hong Convertible Bonds" was also held on November 24, 2025, with 765,610 convertible bonds represented, accounting for 7.5364% of the total outstanding bonds [10][12]. - The bondholders' meeting also passed the same resolution regarding the change in the investment scale of the raised funds [12][14]. - Similar to the shareholders' meeting, the bondholders' meeting was conducted in accordance with legal requirements, ensuring the legitimacy of the proceedings and outcomes [13].

Core Viewpoint - The company, Jinhong Gas Co., Ltd., is preparing for its first extraordinary general meeting of shareholders in 2025, scheduled for September 9, 2025, to discuss significant governance changes, including the cancellation of the supervisory board and amendments to the company's articles of association [4][21]. Group 1: Company Overview - Jinhong Gas Co., Ltd. is listed under the stock code 688106 and is preparing for a significant governance restructuring [4][21]. - The company will no longer have a supervisory board, with its functions being transferred to the audit committee of the board of directors [21][20]. Group 2: Financial Data - The company plans to change its registered capital from 481,972,213 yuan to 481,977,548 yuan due to the conversion of convertible bonds [21][22]. - The total share capital will also increase from 481,972,213 shares to 481,977,548 shares as a result of the bond conversion [21][22]. Group 3: Governance Changes - The company will revise its articles of association to reflect the cancellation of the supervisory board and other governance updates [22][25]. - Several governance documents will be renamed or merged, including the renaming of the "Shareholders' Meeting Rules" to "Shareholders' Meeting Procedures" [25][26]. Group 4: Shareholder Meeting Details - The extraordinary general meeting will utilize both on-site and online voting methods, with specific time slots for voting [5][9]. - Shareholders must register to attend the meeting, with detailed instructions provided for both individual and institutional shareholders [11][13].

Core Points - The company announced the interest payment schedule for its convertible bonds, with the payment date set for July 17, 2025 [1][4] - The total amount of convertible bonds issued is 101,600 million yuan, with a maturity period of six years from July 17, 2023, to July 16, 2029 [2][4] - The coupon rates for the bonds increase progressively from 0.30% in the first year to 2.00% in the sixth year [2][4] Convertible Bond Issuance Overview - The company issued 10,160,000 convertible bonds at a face value of 100 yuan each, approved by the China Securities Regulatory Commission [2][4] - The bonds are listed on the Shanghai Stock Exchange under the name "金宏转债" and code "118038" since August 10, 2023 [2][4] Conversion and Pricing - The initial conversion price for the bonds was set at 27.48 yuan per share, adjusted to 27.46 yuan after the issuance of new shares [2][3] - The conversion price was further adjusted to 26.97 yuan due to the company's annual equity distribution and subsequently to 19.07 yuan following a price correction clause activation [3][4] Interest Payment Details - The interest payment for the second year will cover the period from July 17, 2024, to July 16, 2025, with a coupon rate of 0.50% [4][5] - The interest amount per bond will be 0.50 yuan (before tax), resulting in a net payment of 0.40 yuan after tax deductions [7][4] Payment Schedule - The bondholders will be registered as of July 16, 2025, with interest payments made within five trading days after the payment date [5][6] - The company has appointed China Securities Depository and Clearing Corporation Limited Shanghai Branch to handle the interest payments [6][8]

Core Points - The company has issued convertible bonds named "Jinhong Convertible Bonds" which can be converted into shares starting from January 21, 2024 [1][3] - As of June 30, 2025, a total of RMB 112,000 has been converted into 5,535 shares, representing 0.0011% of the total shares before conversion [1][6] - The remaining amount of unconverted convertible bonds is RMB 1,015,888,000, accounting for 99.9890% of the total issuance [1][6] Convertible Bond Issuance Overview - The company was approved to issue 10,160,000 convertible bonds at a face value of RMB 100 each, raising a total of RMB 1,016,000,000 [2] - After deducting issuance costs of RMB 11,840,377.36, the net proceeds amount to RMB 1,004,159,622.64 [2] - The bonds have a term of six years, from July 17, 2023, to July 16, 2029 [2] Conversion Price Adjustments - The initial conversion price was set at RMB 27.48 per share, which was adjusted to RMB 27.46 on April 30, 2024, and further adjusted to RMB 27.12 on May 23, 2024, due to annual equity distribution [3][4] - A significant downward adjustment occurred on October 16, 2024, reducing the conversion price to RMB 19.07 per share [5] - Following the 2024 annual equity distribution, the conversion price was adjusted to RMB 18.97 on May 16, 2025 [5] Share Capital Changes - As of June 30, 2025, the total number of shares increased from 481,977,391 to 481,977,496 due to the conversion of 105 shares [6] - The equity structure of the company remains unchanged, with no significant impact on shareholders' rights [6] Additional Information - For detailed information regarding the convertible bonds, investors are directed to the company's prospectus published on July 13, 2023 [7]

Core Points - The company has disclosed that its cumulative new borrowings for the year 2025 have exceeded 20% of its net assets as of the end of the previous year [1] - As of December 31, 2024, the company's audited net assets were 334,985.23 million, and the borrowing balance was 129,333.24 million [1] - As of May 31, 2025, the borrowing balance increased to 212,695.21 million, representing an increase of 83,361.97 million, which is 24.89% of the net assets as of the end of 2024 [1] Financial Data Overview - The company reported a net asset value of 334,985.23 million as of December 31, 2024, and a borrowing balance of 129,333.24 million [1] - The borrowing balance as of May 31, 2025, was 212,695.21 million, indicating a significant increase in borrowings [1] Types of New Borrowings - The company has added a total of 83,361.97 million in new bank borrowings as of May 31, 2025 [2] - There are no other types of borrowings reported [3] Impact on Debt Servicing Ability - The new borrowings are intended to meet the company's daily operational needs and fall within the scope of normal business activities [4] - The company's financial condition is stable, and all debts are being repaid on time, indicating that the new borrowings will not adversely affect its operational status or debt servicing ability [4] Additional Notes - The financial data provided is based on consolidated figures, with only the end-of-2024 data being audited [5]