[Qiaoyin Shares: "Qiaoyin Convertible Bonds" may have significant risks of not being able to repay principal and interest in full on time] On November 13, Qiaoyin Shares (002973.SZ) announced that the "Qiaoyin Convertible Bonds" will mature on November 16, 2026, and the redemption price at maturity is 130 yuan per piece. Due to the recent pressure on the company's capital turnover and short-term mismatch of working capital, the redemption funds are being coordinated and implemented. As of the date of the announcement, all funds have not been received, and there is a significant risk that the principal and interest cannot be paid in full and on schedule. As of November 12, 2026, there are still 4.1965 million "Qiao Bank Convertible Bonds" that have not been converted into shares, accounting for 99.92% of the total issuance. The company's existing monetary funds are unable to pay principal and interest, and it is actively taking measures to raise funds such as strengthening the collection of accounts receivable and promoting asset disposal and realization.