Zhejiang Hailiang to redeem convertible bonds early

Zhejiang Hailiang Co., Ltd. has announced the early redemption of its "Hailiang convertible bonds." The redemption price is set at CNY 101.710 per bond, including accrued interest and tax. The company's board approved the early redemption at its ninth board meeting after redemption conditions were met on August 25, 2025.

Trading of "Hailiang convertible bonds" will cease on September 24, 2025, with the last day for conversion into shares being September 29, 2025. Bonds not converted by the close of business on September 26, 2025 (redemption registration date) will be mandatorily redeemed. The redemption amount will be credited to investors' accounts by October 14, 2025, following the company's funds arriving at CSDC by October 10, 2025.

Investors are reminded that the redemption price may differ significantly from market prices before the trading and conversion halt. Bondholders with pledged or frozen bonds should resolve these issues before the conversion deadline. Post-redemption, "Hailiang convertible bonds" will be delisted from the Shenzhen Stock Exchange.