Hailiang to redeem convertible bonds early

Zhejiang Hailiang Co., Ltd. will proceed with the early redemption of its "Hailiang Convertible Bonds" at a price of 101.710 yuan per bond, including accrued interest and tax. This decision follows the satisfaction of redemption conditions on August 25, 2025, when the company's stock price met the threshold of 130% of the current conversion price for at least 15 trading days within a 30-day period.

The redemption process will see "Hailiang Convertible Bonds" cease trading on September 24, 2025, with the redemption registration date set for September 26, 2025. The conversion into shares will stop on September 29, 2025, which is also the redemption date. Investors holding un-converted bonds by the close of September 26, 2025, will have their bonds compulsorily redeemed.

The company advises bondholders to convert their bonds into shares before the redemption deadline, especially those with pledged or frozen bonds, to avoid potential losses. Redemption proceeds are expected to reach bondholders' accounts by October 14, 2025, following the company's funding on October 10, 2025. After the redemption, the "Hailiang Convertible Bonds" will be delisted from the Shenzhen Stock Exchange.