Xinquan Automotive to redeem and delist convertible bonds

Jiangsu Xinquan Automotive Trim Co., Ltd. announced the early redemption and delisting of its "Xin 23 convertible bonds." The redemption was triggered after the company's stock price met the 130% threshold of the current conversion price (RMB 50.75/share) for 15 trading days between September 8 and September 29, 2025.

The redemption registration date is October 29, 2025, with a redemption price of RMB 100.2192 per bond, which includes accrued interest. The redemption payment will be disbursed on October 30, 2025. The last trading day for the "Xin 23 convertible bonds" is October 24, 2025, and the last conversion day is October 29, 2025.

Investors are strongly advised to convert their bonds or sell them on the secondary market before the respective deadlines. Bonds not converted or sold by October 29, 2025, will be compulsorily redeemed at RMB 100.2192 per bond. The company cautions that due to the significant difference between the current secondary market price and the redemption price, investors failing to act may face substantial investment losses. The "Xin 23 convertible bonds" will be delisted from the Shanghai Stock Exchange on October 30, 2025.