Kibing group issues final redemption notice for convertible bonds

Zhuzhou Kibing Group Co., Ltd. has issued its fifth cautionary announcement regarding the mandatory redemption and delisting of its "Kibing Convertible Bonds." The redemption registration date is December 2, 2025, with the redemption price set at 101.1737 yuan per bond. The redemption payment will be distributed on December 3, 2025.

The final trading day for the convertible bonds is November 27, 2025, and the last day for conversion into shares is December 2, 2025. As of November 24, 2025, only three trading days and six conversion days remain. Following the redemption, "Kibing Convertible Bonds" will be delisted from the Shanghai Stock Exchange on December 3, 2025.

The company reminds bondholders that failure to convert or sell their bonds by the deadline will result in mandatory redemption at 101.1737 yuan per bond, potentially leading to significant investment losses given the current market price discrepancy. Investors with pledged or frozen bonds are advised to resolve these issues before the trading halt to facilitate conversion or sale.