Jiangsu Xinquan announces Xin23 convertible bonds redemption and delisting

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

The company's stock met the redemption conditions, with its closing price exceeding 130% of the current conversion price (CNY 50.75 per share) for fifteen trading days between September 8 and September 29, 2025. Holders of Xin23 convertible bonds are urged to convert or sell their bonds before the deadlines to avoid potential investment losses, as bonds not converted will be mandatorily redeemed at CNY 100.2192 per bond.

Effective October 30, 2025, the "Xin23 convertible bonds" will be delisted from the Shanghai Stock Exchange. Investors whose bonds are pledged or frozen are advised to resolve these issues before the trading halt to ensure eligibility for conversion.