EASEPAL(SZ:002614)2025-11-07 13:16Group 1: Company Strategy and Development - The company focuses on the health industry, emphasizing its core business in health massage products while expanding into emerging markets in East Asia, Southeast Asia, and North America [2] - The company is committed to technological innovation, particularly in "AI+", with significant R&D investments to enhance product intelligence and maintain a competitive edge [2] - The company aims to improve operational resilience through new business development, manufacturing efficiency, and international production layout [2] Group 2: Health Environment Business - The health environment business unit is adapting to market changes by accelerating product innovation and quality improvement, while deepening partnerships with key North American clients and exploring new markets in Japan, South Korea, and Taiwan [3] - The operational launch of the Vietnam factory has significantly strengthened the company's ability to respond to global supply chain risks [3] Group 3: Shared Massage Chair Business - The "Mo Enjoy Time" shared massage chair brand is adopting a light asset business model, enhancing its product and service system, and expanding into high-end shopping centers in first and second-tier cities [4] - The company is also targeting the development potential in Southeast Asia and the Middle East for its overseas market expansion [4] Group 4: Convertible Bonds - As of September 30, 2025, the remaining balance of "Ojia Convertible Bonds" is ¥458,257,200 (4,582,572 bonds) [4] - The board decided not to adjust the conversion price of the "Ojia Convertible Bonds" for the next six months, with future adjustments contingent on triggering conditions [4] Group 5: Sales Expenses and Revenue - There is a correlation between sales expenses and sales revenue, as the company maintains a strong marketing investment to support its core brand business in key markets [4]