Group 1 - The core announcement is about the adjustment of the conversion price for the first phase of the non-public issuance of exchangeable corporate bonds by the controlling shareholder, New Hope Group [1][2] - The exchangeable bonds were issued on March 22, 2023, with a total scale of 6.5 billion RMB and a maturity of 3 years [1][2] - The adjustment of the conversion price is based on changes in the company's equity due to stock dividends, capital increases, or cash dividends, following specific formulas outlined in the offering document [2] Group 2 - The adjusted conversion price for the exchangeable bonds is calculated to be 13.07 RMB, effective from July 11, 2025, after the completion of the repurchase and cancellation of restricted stock [2] - The number of shares reserved for exchange will be no less than 120% of the total shares required for the exchange of all outstanding exchangeable bonds [3] - The company assures that the adjustment of the conversion price is a normal operation and will not adversely affect its production and operations [4]