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 101.710 yuan per bond, including accrued interest. The bonds will cease trading on September 24, 2025, and the last day for conversion into shares is September 29, 2025.

The decision for early redemption follows the triggering of a conditional redemption clause, as the company's stock price consistently exceeded 130% of the current conversion price for fifteen trading days between August 4, 2025, and August 25, 2025. All unconverted bonds remaining after the redemption registration date of September 26, 2025, will be compulsorily redeemed.

Investors holding "Hailiang Convertible Bonds" are strongly advised to convert their bonds into shares before the conversion deadline to avoid mandatory redemption and potential losses, especially if the bonds are pledged or frozen. Following the redemption, "Hailiang Convertible Bonds" will be delisted from the Shenzhen Stock Exchange.