Xianhe opts against early redemption of convertible bonds

Xianhe Co., Ltd. announced on September 2, 2025, that its board of directors approved a resolution not to exercise the early redemption right for its "Xianhe Convertible Bonds." This decision was made to protect investor interests and in consideration of the company's future development and intrinsic value, despite the convertible bonds meeting the conditional redemption terms. The company's stock price reached 24.69 yuan per share, triggering the 130% threshold of the current conversion price over 15 trading days between August 11, 2025, and September 2, 2025.

The "Xianhe Convertible Bonds" were publicly issued on November 17, 2021, with a total value of 2.05 bn yuan and a six-year term. The initial conversion price of 39.09 yuan per share has been adjusted multiple times, with the latest adjustment on July 10, 2025, setting it at 18.99 yuan per share.

The company further committed not to exercise its early redemption right for the "Xianhe Convertible Bonds" for the next three months (from September 3, 2025, to December 2, 2025), even if redemption conditions are triggered again. Following this period, a new reassessment will be conducted. The trustee, Orient Securities Co., Ltd., confirmed that this decision aligns with regulatory requirements and the bond prospectus.