Hongcheng Environment foregoes early convertible bond redemption

Jiangxi Hongcheng Environment announced it will not exercise early redemption rights for its convertible bonds, despite redemption conditions being met between June 22 and July 11, 2025.

The company committed to not exercising this right for one year until July 11, 2026. The bonds have a 6-year maturity from their November 2020 issuance.

The initial conversion price was 7.13 yuan per share, with the latest price at 4.88 yuan per share.