Tuopu Group to redeem, delist "Top convertible bonds"

Ningbo Tuopu Group (SSE:601689) announced it will exercise its right to redeem all outstanding "Top Convertible Bonds" following a sustained period where its stock price exceeded 130% of the conversion price. The redemption record date is March 13, 2025, with a redemption price of 100.3995 yuan per bond. Bondholders must act before March 10, 2025, to trade their bonds or convert them into shares at 48.06 yuan per share. After March 13, 2025, unexercised bonds will be frozen, stopping trading and conversion. The company reminds investors to either convert or sell their bonds before the deadline to avoid potential losses. Payment will be made on March 14, 2025. Trading will cease, and delisting takes effect, also March 14, 2025.