Jiangsu Xinquan to redeem "Xin 23 convertible bonds"

Jiangsu Xinquan Automotive Trim Co., Ltd. has announced the mandatory redemption of its "Xin 23 convertible bonds," effective October 30, 2025, after the company's stock price met the redemption conditions. The redemption price for each bond will be CNY 100.2192, which includes the face value of CNY 100 and accrued interest of CNY 0.2192. Bondholders will receive their redemption funds on October 30, 2025.

The final trading day for "Xin 23 convertible bonds" is October 24, 2025, and the last day for conversion into company shares is October 29, 2025. After the redemption, the bonds will be delisted from the Shanghai Stock Exchange. Investors who do not convert their bonds into shares (at a conversion price of CNY 50.75 per share) or sell them on the secondary market risk a significant loss, as the redemption price is considerably lower than current secondary market prices.

The company strongly advises bondholders to convert or sell their "Xin 23 convertible bonds" within the specified timeframe to avoid compulsory redemption at the lower price and potential investment losses. Investors with pledged or frozen bonds are urged to release them before the trading halt to facilitate conversion.