Zhuzhou Kibing Group to redeem and delist convertible bonds

Zhuzhou Kibing Group will proceed with the early redemption and delisting of its "Kibing Convertible Bonds." The company's stock met the conditional redemption clause by trading at or above 130% of its current conversion price (7.06 yuan/share) for at least 15 trading days within a 30-day period between September 30, 2025, and November 5, 2025. The Sixth Board of Directors' Seventh Meeting approved the early redemption on November 5, 2025.

The redemption registration date is December 2, 2025, with a redemption price of 101.1737 yuan per bond. The final trading day for "Kibing Convertible Bonds" is November 27, 2025, and the final conversion day is December 2, 2025. Unconverted bonds will be compulsorily redeemed at the stated price. The bonds will be delisted from the Shanghai Stock Exchange on December 3, 2025, with redemption payments distributed on the same day.

Investors are cautioned that the current market price of 121.527 yuan per bond (as of November 17, 2025) is significantly higher than the redemption price, urging them to convert or sell their bonds by the respective deadlines to avoid potential investment losses.