Core Viewpoint - The company announced adjustments to the exchange price of its convertible bonds due to recent cash dividend distributions and market conditions affecting its stock price [1][3][5]. Group 1: Convertible Bonds Information - The controlling shareholder, Jingyuan Technology, issued a non-public convertible bond totaling RMB 200 million with an initial exchange price of RMB 17.00 per share on October 24, 2023 [1]. - The exchange price was adjusted to RMB 16.91 per share after a cash dividend of RMB 0.87 per 10 shares was distributed on June 28, 2024 [2]. - Following another cash dividend of RMB 0.70 per 10 shares on July 8, 2025, the exchange price was further adjusted to RMB 16.84 per share [2]. Group 2: Price Adjustment Conditions - The bond's exchange price can be adjusted downwards if the stock price falls below 85% of the current exchange price for at least 10 out of 20 consecutive trading days [3]. - The adjusted exchange price, effective from November 7, 2025, will be set at RMB 14.50 per share due to the triggering of the downward adjustment condition [3]. Group 3: Share Buyback Plan - The company approved a share buyback plan with a budget between RMB 68.5 million and RMB 137 million, with a maximum buyback price of RMB 19.00 per share [6]. - As of October 31, 2025, the company had not yet repurchased any shares through the designated securities account [6].