Qibin group announces convertible bond redemption and delisting deadline

Zhuzhou Kibing Group Co., Ltd. has issued its third reminder regarding the redemption and delisting of its "Qibin Convertible Bonds" (113047). The redemption registration date is December 2, 2025, with a redemption price of CNY 101.1737 per bond. Redemption funds will be distributed on December 3, 2025. The last trading day for the convertible bonds is November 27, 2025, and the last conversion date is December 2, 2025.

After the redemption is completed, the "Qibin Convertible Bonds" will be delisted from the Shanghai Stock Exchange starting December 3, 2025. The company's stock triggered the conditional redemption clause between September 30, 2025, and November 5, 2025, when its closing price was at least 130% of the current conversion price (CNY 7.06/share) for at least 15 trading days.

Investors are strongly advised to convert or sell their bonds within the specified period. Those who do not convert or sell by the redemption registration date will have their bonds mandatorily redeemed at CNY 101.1737 per bond. Investors failing to act promptly could incur significant investment losses.