Shanghai Xuerong Bio-Technology convertible bond redemption likely

Shanghai Xuerong Bio-Technology's convertible bonds ("Xuerong Convertible Bonds") are poised to trigger a conditional redemption clause, as the company's stock price has closed at or above 120% of the current conversion price (RMB 4.10/share), or RMB 4.92/share, for ten trading days between August 14, 2025, and August 27, 2025. If the stock price continues this trend, the board of directors will decide whether to redeem all or part of the unconverted bonds at their face value plus accrued interest.

The "Xuerong Convertible Bonds" were issued on June 24, 2020, totaling RMB 585 million. The initial conversion price has seen several adjustments, most recently being reset to RMB 4.10/share on August 26, 2024. The conversion period for these bonds began on January 4, 2021, and is scheduled to end on June 23, 2026.

The conditional redemption clause can be triggered if the company's stock price closes at or above 120% of the current conversion price for at least fifteen trading days within any consecutive thirty-day trading period. Investors are advised to review the prospectus and monitor future company announcements regarding this potential redemption.