Xinjiang Communications announces mandatory redemption of convertible bonds

Xinjiang Communications Construction Group Co., Ltd. announced the mandatory early redemption of its "Jiaojian convertible bonds" (bond code: 128132). The redemption price is set at CNY 100.044 per bond, including accrued interest at an annual rate of 2.00%. The redemption registration date is September 22, 2025, with the redemption date on September 23, 2025. Trading of the bonds will cease on September 18, 2025, and the conversion period will end on September 23, 2025.

The company's stock price met the redemption conditions, with its closing price not falling below 130% of the current conversion price (CNY 10.00 per share) for at least fifteen trading days between August 8, 2025, and August 28, 2025. Investors are strongly advised to convert their bonds into shares before the conversion deadline, as any bonds not converted by the close of business on September 22, 2025, will be mandatorily redeemed. The company also warns that the redemption price may differ significantly from the market price before the conversion halt.

Following the redemption, "Jiaojian convertible bonds" will be delisted from the Shenzhen Stock Exchange. Investors with pledged or frozen bonds are urged to clear these statuses before the conversion halt to avoid potential losses from forced redemption. The issuer's funds are expected to reach the China Securities Depository and Clearing Corporation's account by September 26, 2025, with investor redemption payments arriving by September 30, 2025.