Core Viewpoint - The announcement details the conversion status of the company's convertible bonds "齐翔转2" for the third quarter of 2025, including the bond issuance, listing, conversion price adjustments, and the total amount converted into shares [2][3][4][5][6][7][8]. Group 1: Convertible Bond Issuance and Listing - The company issued 29.9 million convertible bonds with a total value of 299 million yuan, approved by the China Securities Regulatory Commission on August 20, 2020 [2]. - The bonds were listed on the Shenzhen Stock Exchange starting September 15, 2020, under the code "128128" [3]. Group 2: Conversion Price Adjustments - The initial conversion price was set at 8.22 yuan per share, which was adjusted to 7.97 yuan on June 25, 2021, and further adjusted to 5.69 yuan on September 29, 2021 [4][5]. - Subsequent adjustments were made, with the conversion price changing to 5.53 yuan on July 19, 2023, and then to 5.46 yuan on June 6, 2024, followed by 5.40 yuan on December 31, 2024, and finally to 5.37 yuan on June 16, 2025 [6][7]. Group 3: Conversion and Share Capital Changes - In the third quarter of 2025, the company saw a reduction of 3,000 yuan (30 bonds) in the convertible bond amount, resulting in a conversion of 558 shares [8]. - As of September 30, 2025, a total of 2.31 billion yuan (23,106,174 bonds) had been converted into 292,111,682 shares, with 26,986,867 shares converted using repurchased shares [8]. - The remaining convertible bond amount as of September 30, 2025, was 679.38 million yuan, with 6,793,826 bonds still outstanding [8].