Cheezheng Tibetan Medicine to redeem convertible bonds early

Tibet Cheezheng Tibetan Medicine Co., Ltd. (SZSE:002287) has initiated the early redemption of its "Qizheng Convertible Bonds" (SZSE:128133), with the last day for conversion being September 2, 2025.

The redemption price is set at 101.701 yuan per bond, including accrued interest. Investors who do not convert by the deadline risk losses. The bonds will cease trading on August 29, 2025, and will be delisted from the Shenzhen Stock Exchange following the redemption.

In a related development, the company announced a maximum guarantee of 200 million yuan for its wholly-owned subsidiary, Tibet Cheezheng Tibetan Medicine Marketing Co., Ltd., with China CITIC Bank Lhasa Branch. This guarantee is part of a broader credit facility of up to 600 million yuan approved by the board and shareholders.

As of the latest announcement, the company's total external guarantee amount, including its subsidiaries, stands at 780 million yuan, representing 19.19% of its most recent audited net assets. The total outstanding guarantee amount is 625.3095 million yuan.