Kibing convertible bonds face mandatory redemption, delisting

Zhuzhou Kibing Group has announced the mandatory redemption and delisting of its "Kibing Convertible Bonds" (113047). The redemption registration date is December 2, 2025, with a redemption price of 101.1737 yuan per bond. Redemption payments will be distributed on December 3, 2025.

The last day for trading the convertible bonds is November 27, 2025. The last day for conversion into shares is December 2, 2025. After these dates, any outstanding bonds will be frozen and subject to mandatory redemption at the stated price.

The company warns that if investors fail to convert or sell their bonds by the deadlines, they may incur investment losses as the secondary market price currently differs from the redemption price. The convertible bonds will be delisted from the Shanghai Stock Exchange on December 3, 2025.