Kibing Group urges bondholders to convert before early redemption

Zhuzhou Kibing Group Co., Ltd. has issued a second cautionary announcement regarding the early redemption and delisting of its "Qibin convertible bonds" (113047). The company's stock has met the conditions for early redemption, with the closing price consistently exceeding 130% of the current conversion price for at least 15 trading days within a 30-day period.

The redemption registration date is December 2, 2025, with a redemption price of CNY 101.1737 per bond. The last trading day for the convertible bonds is November 27, 2025, and the last conversion date is December 2, 2025. Unconverted bonds will be mandatorily redeemed at the redemption price on December 3, 2025.

The company reminds bondholders that unconverted bonds will be frozen, and trading and conversion will cease after the redemption registration date. Given the current significant difference between the secondary market price and the redemption price, investors are urged to convert or sell their bonds by the respective deadlines to avoid potential substantial investment losses. The "Qibin convertible bonds" will be delisted from the Shanghai Stock Exchange on December 3, 2025.