Weiming Environment convertible bonds near conditional redemption trigger

Zhejiang Weiming Environment Protection Co. has issued a notice indicating that its "Wei 24 Convertible Bonds" are nearing the conditions for conditional redemption. From November 5 to November 19, 2025, the company's stock closing price has been at or above 130% of the current conversion price for ten trading days. If, within the next nineteen trading days, the stock's closing price remains at or above 130% of the current conversion price (i.e., 22.82 yuan per share) for five trading days, the conditional redemption clause will be triggered.

Upon triggering, the company reserves the right to redeem all or part of the unconverted Wei 24 bonds at their face value plus accrued interest, as per the terms outlined in the prospectus. The Wei 24 bonds, totaling 285,000,000 yuan, were issued on March 28, 2024, with an initial conversion price of 18.28 yuan per share, later adjusted to the current 17.55 yuan per share.

The company will convene a board meeting to deliberate on whether to redeem the bonds and will make timely disclosures. Investors are advised to thoroughly understand the redemption terms and potential impacts, and to monitor subsequent company announcements.