Jiangsu Xinquan triggers mandatory redemption for Xin 23 convertible bonds

Jiangsu Xinquan Automotive Trim Co., Ltd. announced the mandatory early redemption of its "Xin 23 convertible bonds" (bond code: 113675). The company's stock price traded at or above 130% of its current conversion price (RMB 50.75/share, or RMB 65.98/share) for at least fifteen trading days between September 8, 2025, and September 29, 2025, triggering the redemption clause.

The redemption registration date is October 29, 2025, with a redemption price of RMB 100.2192 per bond, which includes a face value of RMB 100 and accrued interest of RMB 0.2192. Bondholders will receive their redemption funds on October 30, 2025.

The last trading day for the convertible bonds is October 24, 2025, and the last day for conversion into shares is October 29, 2025. Following the redemption, "Xin 23 convertible bonds" will be delisted from the Shanghai Stock Exchange on October 30, 2025. Investors are advised to convert or sell their bonds promptly to avoid potential investment losses, as the current secondary market price may differ significantly from the redemption price.