Cheezheng convertible bonds face mandatory redemption on September 3

Tibet Cheezheng Tibetan Medicine Co., Ltd. has issued a critical reminder for holders of its Qizheng convertible bonds as the conversion period ends and mandatory redemption approaches. The last conversion day is September 2, 2025. Following the close of trading on September 2, any unconverted Qizheng convertible bonds will cease to be convertible and will be forcibly redeemed at a price of CNY 101.701 per bond. The redemption registration date is also September 2, 2025, with the actual redemption occurring on September 3, 2025.

The company's board decided to exercise its early redemption right on August 11, 2025, after its stock price met the trigger conditions. The redemption price includes accrued interest, calculated at an annual rate of 1.80% for the current period. Bondholders are advised that the redemption price may significantly differ from market prices prior to the cessation of trading and conversion.

Investors who fail to convert their bonds by the deadline risk financial losses. Funds for redemption are expected to reach the company's account on September 8, 2025, with bondholders receiving their redemption payments by September 10, 2025. Following the redemption, Qizheng convertible bonds will be delisted from the Shenzhen Stock Exchange.