Jiangsu Xinquan to delist "Xin23 convertible bonds"

Jiangsu Xinquan Automotive Trim Co., Ltd. has announced the upcoming redemption and delisting of its "Xin23 convertible bonds." The last day to trade the bonds is October 24, 2025, with the final day for conversion being October 29, 2025. Following these dates, the bonds will be delisted from the Shanghai Stock Exchange on October 30, 2025.

The company's stock price met redemption conditions, trading at or above 130% of the current conversion price of 50.75 yuan per share for 15 out of 30 trading days between September 8 and September 29, 2025. The redemption price for the bonds is 100.2192 yuan per bond, which includes face value and accrued interest.

Investors who do not convert or sell their "Xin23 convertible bonds" by the respective deadlines will have their bonds compulsorily redeemed at the stated price. Failing to act could result in substantial investment losses given the current secondary market price discrepancy with the redemption price. Redemption proceeds will be distributed on October 30, 2025.