Ningbo Xusheng to redeem and delist "Sheng 24" convertible bonds

Ningbo Xusheng Auto Technology Co., Ltd. has announced the mandatory redemption and delisting of its "Sheng 24 convertible bonds," effective November 14, 2025. The redemption price is 100.1677 yuan per bond, encompassing the face value of 100 yuan plus accrued interest of 0.1677 yuan. This action follows the company's stock price meeting the redemption conditions, with the share price exceeding 130% of the conversion price for 15 trading days between September 16 and October 15, 2025.

The final trading day for "Sheng 24 convertible bonds" is November 10, 2025, with the final conversion day set for November 13, 2025. The redemption registration date is also November 13, 2025, and redemption funds will be disbursed on November 14, 2025. Following redemption, the bonds will be delisted from the Shanghai Stock Exchange.

Investors are strongly advised to convert or sell their bonds before the deadlines. The current secondary market price of 116.244 yuan per bond (as of November 7, 2025) is significantly higher than the redemption price of 100.1677 yuan, meaning investors who fail to convert or sell in time may incur substantial losses.