Tuopu Group to redeem, delist convertible bonds

Ningbo Tuopu Group announced the final redemption and delisting of its "Top Convertible Bonds" (SSE:113061) scheduled for March 2025. The redemption price is set at RMB 100.3995 per bond. The last trading day for the bonds is March 10, 2025, and the final conversion date is March 13, 2025. Effective March 14, 2025, the "Top Convertible Bonds" will be delisted from the Shanghai Stock Exchange. Bondholders are advised to either trade or convert their bonds into shares at RMB 48.06 per share before the deadlines to avoid mandatory redemption at RMB 100.3995, which may result in investment losses.