Chunqiu convertible bond redemption and delisting set for November 7

Suzhou Chunqiu Electronic Technology Co., Ltd. has announced the mandatory redemption and delisting of its "Chunqiu convertible bond" (bond code: 113577), effective November 7, 2025. The company will redeem all registered Chunqiu convertible bonds at a price of CNY 101.701 per bond, which includes a face value of CNY 100 and accrued interest of CNY 1.701.

The redemption was triggered after the company's A-share stock price met the callable redemption condition, trading at or above 130% of the current conversion price (CNY 10.50 per share) for at least 15 trading days within a 30-day period between August 19, 2025, and September 23, 2025.

The last trading day for Chunqiu convertible bonds will be November 3, 2025, and the last day for bondholders to convert their bonds into shares will be November 6, 2025. After November 7, 2025, the bonds will be officially delisted from the Shanghai Stock Exchange. With the bond's closing price at CNY 132.026 on September 30, 2025, significantly above the redemption price, investors who do not convert or sell by the deadline may incur substantial losses.