Xinquan announces Xin23 convertible bonds redemption and delisting

Jiangsu Xinquan Automotive Trim Co. announced the upcoming redemption and delisting of its "Xin23" convertible bonds. The redemption registration date is set for October 29, 2025, with the final trading day for "Xin23" convertible bonds on October 24, 2025, and the final conversion date on October 29, 2025. The redemption price for the bonds is CNY 100.2192 per bond, with funds to be disbursed on October 30, 2025.

The company's stock price met the redemption conditions between September 8 and September 29, 2025, trading at or above 130% of the current conversion price of CNY 50.75 per share, specifically CNY 65.98 per share. Following the redemption, "Xin23" convertible bonds will be delisted from the Shanghai Stock Exchange on October 30, 2025.

Investors holding "Xin23" convertible bonds who do not convert or sell their bonds by the deadlines risk significant losses, as the bond's secondary market price currently differs substantially from the mandatory redemption price of CNY 100.2192 per bond. Holders are strongly advised to convert or sell their bonds within the specified period.