Xusheng convertible bonds face mandatory redemption and delisting

Ningbo Xusheng Auto Technology has issued its thirteenth cautionary announcement regarding the mandatory redemption and delisting of its "sheng 24 convertible bonds" (113685). The company's stock price has met the redemption conditions, with the last day for trading being November 10, 2025, and the last day for conversion being November 13, 2025. The redemption price is set at CNY 100.1677 per bond, with proceeds distributed on November 14, 2025.

Following the redemption, the "sheng 24 convertible bonds" will be delisted from the Shanghai Stock Exchange on November 14, 2025. Investors who do not convert or sell their bonds by the deadline will face mandatory redemption at the announced price, potentially incurring significant investment losses due to the current market price disparity.

In a separate announcement, Ningbo Xusheng Auto Technology also announced its third-quarter 2025 earnings briefing, scheduled for November 19, 2025, from 15:00-16:00. Investors can submit questions in advance via email.