Tequ Mayflower redeems convertible bonds, delisting from HKEX expected

Tequ Mayflower Limited completed the redemption of its zero coupon guaranteed convertible bonds due 2026 on September 25, 2025. The outstanding bonds were redeemed at US$162,668,300, as stipulated by their terms and conditions, meaning no convertible bonds are currently in issue.

In connection with the redemption, XJ International Holdings Co., Ltd., the guarantor, allocated and issued 4,168,549 ordinary shares. This issuance followed a conversion notice received on September 18, 2025, related to bonds with a principal amount of US$2,070,000.

The issuer has applied to The Stock Exchange of Hong Kong Limited for the withdrawal of the convertible bonds' listing. This withdrawal is anticipated to become effective at the close of business on October 8, 2025.