Xinquan Automotive convertible bond delisting imminent as redemption deadline nears

Jiangsu Xinquan Automotive Trim Co. has issued its ninth reminder regarding the early redemption and delisting of its "Xin 23 convertible bonds." The redemption registration date is October 29, 2025, with the redemption price set at CNY 100.2192 per bond. Redemption proceeds will be distributed on October 30, 2025. The last trading day for Xin 23 convertible bonds was October 24, 2025, and trading ceased on October 27, 2025.

The final day for bondholders to convert their Xin 23 convertible bonds into company shares is October 29, 2025. After this date, any unconverted bonds will be compulsorily redeemed at CNY 100.2192 per bond. Investors who fail to convert by the deadline or redeem will be subject to mandatory redemption, which could lead to significant investment losses due to the current market price disparity. The bonds will be delisted from the Shanghai Stock Exchange on October 30, 2025.

The redemption condition was met as the company's stock price consistently traded above 130% of the current conversion price of CNY 50.75 per share (i.e., CNY 65.98 per share) for at least fifteen trading days between September 8, 2025, and September 29, 2025. Bondholders are urged to complete their conversions promptly to avoid potential losses.