Core Viewpoint - Tianjin Zhonglv Electric plans to repurchase shares for cancellation and reduction of registered capital, reflecting confidence in future development and long-term value recognition [1][5] Group 1: Share Repurchase Details - The company will use self-raised funds to repurchase shares through centralized bidding, with a total repurchase amount between 61.84 million and 92.76 million yuan, and a maximum repurchase price of 13.31 yuan per share [3] - The implementation period for the repurchase is within 12 months from the approval date of the plan at the third extraordinary shareholders' meeting in 2025 [3] Group 2: Bond Issuance and Status - Tianjin Zhonglv Electric was approved by the China Securities Regulatory Commission to issue corporate bonds not exceeding 5 billion yuan, successfully issuing "23 Green Electric G1" with a coupon rate of 3.37% and a term of 3 years [2] - As of the report date, "23 Green Electric G1" is still in the existence period, and the company has no other outstanding corporate bonds [2] Group 3: Debt Claim Arrangements - Due to the share repurchase and subsequent capital reduction, the company will notify creditors, who can claim debts or request guarantees within 45 days from the announcement date [4] - Required documentation for claims includes original and copies of contracts proving the debt relationship, and specific identification documents for both legal entities and individuals [4] Group 4: Impact and Management Responsibilities - The share repurchase is seen as a normal business activity that will not adversely affect the company's daily management, production operations, or debt repayment capacity [5] - CITIC Securities, as the trustee manager, will continue to monitor the repayment of bond principal and interest, fulfilling its responsibilities as a trustee [5]

Group 1 - The company held its third extraordinary general meeting of shareholders on September 16, 2025, using a combination of on-site and online voting methods [2][3][4] - A total of 231 shareholders attended the meeting, representing 1,460,296,922 shares, which accounts for 70.6617% of the total voting shares [6][10] - The meeting approved several proposals, including the mid-term dividend plan, share repurchase plan, and amendments to internal reporting and accountability systems [12][14][16][19] Group 2 - The share repurchase plan involves using self-raised funds to buy back shares for cancellation and reducing registered capital, with a total fund amount between RMB 61.8428 million and RMB 92.7642 million, and a maximum repurchase price of RMB 13.31 per share [25] - The company will notify creditors regarding the share repurchase and capital reduction, allowing them to claim debts within 45 days from the announcement date [27][28] - The legal opinion confirms that the meeting's procedures and resolutions comply with relevant laws and regulations [21]

Group 1 - The issuer, Tianjin Zhonglv Electric Investment Co., Ltd., has received approval from the China Securities Regulatory Commission to publicly issue corporate bonds to professional investors with a total face value not exceeding 5 billion yuan, including the bond "23 Green Electric G1" with a code of "148562" and a coupon rate of 3.37% for a term of 3 years [2] - The company has decided to cancel its supervisory board, transferring its responsibilities to the audit committee of the board of directors, following the approval from the second extraordinary general meeting of shareholders in 2025 [2][3] - The cancellation of the supervisory board is in accordance with the Company Law and the guidelines from the China Securities Regulatory Commission, and it is expected to have no adverse impact on the company's debt repayment ability or governance structure [3] Group 2 - The trustee manager, CITIC Securities, will continue to monitor the issuer's repayment of principal and interest on the bonds and other significant matters affecting bondholders' interests, adhering to relevant regulations and agreements [3]

Group 1 - The report is about the change of chairman at Tianjin Zhonglv Electric Investment Co., Ltd. and is prepared by CITIC Securities as the trustee manager of the company's bonds [1][2] - The company has been approved by the China Securities Regulatory Commission to issue bonds up to 5 billion yuan, with a coupon rate of 3.37% and a term of 3 years [2] - The chairman, Mr. Zhan Jianjun, has resigned due to work changes, and Mr. Zhou Xiankun has been elected as the new chairman [2][3] Group 2 - Mr. Zhou Xiankun, aged 56, is a senior accountant and currently serves as the party secretary of the company [3] - The decision regarding the chairman's change has followed the internal approval process and complies with relevant laws and regulations [3] - The company’s operations remain normal, and the management change is not expected to adversely affect its daily operations or debt repayment capabilities [3][4] Group 3 - CITIC Securities will continue to monitor the company's bond repayment situation and other significant matters affecting bondholders' interests [4] - The trustee manager will fulfill its responsibilities according to the relevant regulations and agreements [4]