Xinjiang Communications Construction to redeem convertible bonds early

Xinjiang Communications Construction Group Co., Ltd. has announced the early redemption of its "Jiaojian convertible bond" (bond code: 128132) following the trigger of redemption conditions. The redemption price is set at CNY 100.044 per bond, including accrued interest at a current annual rate of 2.00%. The company's stock price met redemption criteria by closing above 130% of the current conversion price (CNY 10.00/share) for at least 15 trading days between August 8, 2025, and August 28, 2025.

The redemption registration date is September 22, 2025, with the actual redemption date set for September 23, 2025. Trading of the convertible bonds will cease on September 18, 2025, and conversion will cease on September 23, 2025. Funds from the redemption are expected to reach the company's account on September 26, 2025, with investor redemption payments arriving by September 30, 2025.

All outstanding "Jiaojian convertible bonds" not converted by the close of business on September 22, 2025, will be mandatorily redeemed. The company advises holders to resolve any pledges or freezes on their bonds before the conversion halt date to ensure they can convert. After the redemption, the "Jiaojian convertible bond" will be delisted from the Shenzhen Stock Exchange.