Digital China's "Shenma convertible bonds" to be redeemed

Digital China Group will redeem all "Shenma Convertible Bonds" not converted to stock by market close on March 27, 2025, at a price of RMB 100.13 per bond. Trading of the bonds will cease on March 25, 2025. The last trading day for "Shenma Convertible Bonds" is March 24, 2025, after which the bond's title will change to "Z Code Convertible Bonds." The final conversion date is March 27, 2025. Bondholders are advised to convert their holdings before the deadline to avoid potential losses due to the difference between the market price and the redemption price. Digital China reminds investors to carefully read the announcement and pay attention to investment risks. The redemption is triggered because Digital China’s stock price remained above 130% of the conversion price for 15 out of 30 consecutive trading days, meeting the conditions for early redemption.