Jifeng Auto Parts convertible bonds to mature, redeem on November 17

Ningbo Jifeng Auto Parts Co., Ltd. has announced the upcoming maturity and redemption of its "Jifeng Ding 01" convertible bonds (110801). The bonds will mature on November 17, 2025, which also marks the redemption registration date. Bondholders will receive a redemption amount of CNY 118.00 per bond, inclusive of taxes and the final year's interest. The redemption funds will be disbursed on November 18, 2025.

Trading of "Jifeng Ding 01" will cease on November 13, 2025, with November 12, 2025, being the last trading day. The bonds will be delisted from the Shanghai Stock Exchange on November 18, 2025. Bondholders still have the option to convert their bonds into company shares between November 13 and November 17, 2025.

The redemption covers all outstanding convertible bonds not yet converted, at a price representing 118% of the bond's face value, including the final year's interest of 3.00%. The company initially issued CNY 400,000,000 convertible bonds on November 18, 2019, with a six-year term.