Qizheng convertible bonds: Trading to cease, mandatory redemption looms

Tibet Cheezheng Tibetan Medicine announced that its "Qizheng Convertible Bonds" will cease trading after the afternoon session on August 28, 2025. This marks the last half-trading day for the bonds. The last day for conversion into shares is September 2, 2025, after which any unconverted bonds will be mandatorily redeemed. The company urges investors to review the announcement, understand risks, and act cautiously.

The redemption price for the "Qizheng Convertible Bonds" is set at 101.701 yuan per bond, including accrued interest at a current annual rate of 1.80%. This redemption follows the triggering of conditional redemption clauses, as the company's stock price met the required threshold for 15 out of 30 trading days between July 21, 2025, and August 11, 2025.

Funds for the redemption are scheduled to reach the issuer's account by September 8, 2025, with investor redemption payments expected by September 10, 2025. Investors who do not convert their bonds by September 2, 2025, or fail to resolve any pledged or frozen bonds, may face potential losses.