Youzu Interactive convertible bonds face mandatory redemption deadline

Youzu Interactive has announced its convertible bonds will cease trading on August 25, 2025, with the final conversion day being August 27, 2025 (half-day trading session). Unconverted bonds will be mandatorily redeemed on August 28, 2025, at a price of CNY 101.8575 per bond, including accrued interest and tax. This redemption price may differ significantly from the market price before trading ceases.

The company's stock met redemption conditions, with its closing price being at least 130% of the current conversion price (CNY 10.10 per share) for at least 15 trading days within a 30-day period from July 17, 2025, to August 6, 2025. The conversion price was adjusted multiple times, most recently to CNY 10.10 per share, effective March 7, 2025.

Funds for the redemption are expected to reach China Securities Depository and Clearing Corporation Limited accounts by September 2, 2025, with investor accounts credited by September 4, 2025. Bondholders with pledged or frozen bonds are advised to unencumber them before the conversion deadline.