Core Viewpoint - OPPO has responded to the "green line" issue affecting its smartphones by offering free screen replacements for devices purchased within four years and discounted replacement options for devices older than four years, aiming to address consumer concerns and uphold brand responsibility [1][3]. Group 1: Issue Overview - The "green line" issue, characterized by vertical green or purple lines appearing on screens without external impact, has been reported by numerous OPPO and OnePlus users since the second half of this year [3]. - Affected models include OPPO Find X2, X3, X5 series, OPPO Reno 5, 6, 9 series, and OnePlus 8, 9, 10, 11, and Ace series, primarily released between 2019 and 2023 [3]. - Complaints have surged, particularly from users whose devices showed issues just after the warranty period, leading to dissatisfaction with OPPO's after-sales policy [3]. Group 2: Company Response - In response to growing public pressure, OPPO announced on October 24 that it would provide free screen replacements for devices purchased within four years and discounted options for those older than four years [3]. - This policy is seen as a direct response to consumer demands, aiming to bridge the gap between standard warranty periods and the exposure of potential product defects [3]. Group 3: Market Context - The "green line" incident occurs amid intense competition in the smartphone market, with major brands like Apple, Xiaomi, vivo, and Honor launching new products since September [4]. - OPPO recently launched its flagship OPPO Find X9 series, which features the first domestic eSIM functionality, making the timing of the quality issue particularly critical [4]. - According to QuestMobile, OPPO has a high brand loyalty rate, with 45% of users opting for brand upgrades, making the resolution of the "green line" crisis vital for maintaining its market position [4]. - Market research from Omdia and IDC indicates that the sales gap among the top five smartphone manufacturers in China is within 6 million units, highlighting the competitive landscape [4].

Core Points - Pembina Pipeline Corporation has declared quarterly dividends for its preferred shares [1] - Dividends for Series 1, 3, 5, 7, 9, and 21 are payable on December 1, 2025, to shareholders of record on November 3, 2025 [1] - Dividends for Series 15 and 17 are payable on December 31, 2025 [1]

Core Viewpoint - The transaction involves the leasing of four 9,000-ton special liquid cargo ships by a wholly-owned subsidiary of China COSCO Shipping Special Transportation Co., Ltd. (hereinafter referred to as "COSCO Special") from a subsidiary of COSCO Shipping Development Co., Ltd. for approximately 15 years, aiming to enhance the company's service capabilities and competitiveness in the market [1][2]. Summary by Sections 1. Overview of Related Transactions - The leasing involves four 9,000-ton special liquid cargo ships, with a daily rental fee of approximately 40,250 RMB per ship for both types of vessels, resulting in an annual rental payment of about 14.69 million RMB per ship [1][2]. 2. Purpose and Reason for the Transaction - The transaction aims to facilitate the transformation and upgrading of the subsidiary, enhance service to core customers, and build a competitive fleet of special liquid cargo ships that are diverse, green, and low-carbon [2]. 3. Board Approval Process - The transaction was approved by the 28th meeting of the 8th Board of Directors, with non-related directors voting unanimously in favor, while related directors abstained from voting [2][6]. 4. Related Party Information - The related party involved is COSCO Shipping Development Co., Ltd., which is indirectly controlled by the same parent company as COSCO Special, thus constituting a related party transaction [2][4]. 5. Impact of the Transaction on the Company - The transaction is expected to meet diverse transportation needs, enhance fleet competitiveness, and improve overall profitability and shareholder returns. The leasing model will reduce initial capital pressure and support sustainable development [5]. 6. Historical Related Transactions - In the past 12 months, the company has engaged in related transactions with COSCO Shipping Development amounting to approximately 310.52 million RMB, all of which were operational leasing agreements [5]. 7. Required Approval Procedures - The transaction requires approval from the first extraordinary general meeting of shareholders in 2025, with related shareholders abstaining from voting [6]. 8. Sponsor's Review Opinion - The sponsor has confirmed that the transaction complies with relevant regulations and does not harm the interests of the company or its shareholders, particularly minority shareholders [6][8].