Kibing announces convertible bond redemption and delisting

Zhuzhou Kibing Group Co. Ltd. has announced the early redemption and delisting of its convertible bonds, "Kibing Convertible Bonds" (113047). The last trading day for these bonds is November 27, 2025, and the last day for conversion into shares is December 2, 2025. The redemption registration date is December 2, 2025, with redemption proceeds distributed on December 3, 2025.

The redemption price is 101.1737 yuan per bond, including the bond's face value plus accrued interest calculated from April 9, 2025, to December 3, 2025. The company emphasizes that investors who fail to convert their bonds or sell them on the secondary market by the respective deadlines will face mandatory redemption at this price.

Following the redemption, Kibing Convertible Bonds will be delisted from the Shanghai Stock Exchange starting December 3, 2025. The company warns that the secondary market price currently differs significantly from the redemption price, potentially leading to substantial investment losses for those who do not act timely. Investors with pledged or frozen bonds are advised to unpledge or unfreeze them before the trading halt.