Xuerong Bio: Convertible bonds may trigger redemption

Shanghai Xuerong Biotechnology Co., Ltd. (SZSE:300511) announced that its stock price has triggered the conditional redemption clause for its "Xuerong Convertible Bonds." From March 14, 2025, to April 14, 2025, the company's stock closing price was no less than 120% of the current conversion price (CNY 4.10/share), or CNY 4.92/share. According to the company's offering prospectus, the board of directors will have the right to redeem all or part of the outstanding "Xuerong Convertible Bonds" at face value plus accrued interest. As of the announcement date, the outstanding balance is CNY 585,000,000.00. The company reminds investors to pay attention to subsequent announcements and investment risks.