Jiangsu Xinquan issues final reminder for convertible bond redemption

Jiangsu Xinquan Automotive Trim Co., Ltd. has issued a final reminder for the redemption and delisting of its "Xin 23 convertible bonds." The last trading day for these bonds was October 24, 2025, with trading suspended since October 27, 2025. The final date for bondholders to convert their bonds into shares is October 29, 2025.

The redemption price is CNY 100.2192 per bond, which includes the face value of CNY 100 and accrued interest of CNY 0.2192 per bond. The redemption payment will be distributed on October 30, 2025. Unconverted bonds will be compulsorily redeemed at this price, and the bonds will be delisted from the Shanghai Stock Exchange on October 30, 2025.

The company's stock price triggered the redemption condition by trading at or above 130% of the conversion price (CNY 50.75 per share, specifically CNY 65.98 per share) for at least fifteen trading days between September 8 and September 29, 2025. Investors are strongly advised to convert their bonds by the deadline to potentially mitigate investment losses, given the current market price disparity.