Tuopu Group to redeem, delist convertible bonds

Ningbo Tuopu Group (SSE:601689) announced the redemption and subsequent delisting of its "Tuopu Convertible Bonds." The redemption will apply to all bonds registered with China Securities Depository and Clearing Corporation Limited Shanghai Branch (CSDC Shanghai) by the close of trading on March 13, 2025. The redemption price is set at 100.3995 yuan per bond. The last trading day for the bonds is March 10, 2025, and the last conversion day is March 13, 2025. Effective March 14, 2025, "Tuopu Convertible Bonds" will be officially delisted from the Shanghai Stock Exchange. Bondholders are urged to either trade or convert their holdings into shares at 48.06 yuan/share before the deadline to avoid potential losses from mandatory redemption.