Hangzhou Boiler Group to redeem Xizi convertible bonds early

Hangzhou Boiler Group will proceed with the early redemption of its "Xizi convertible bonds" at a price of 101.12 yuan per bond (including tax and interest). The decision follows the triggering of conditional redemption clauses. Specifically, the company's A-share stock price maintained at or above 130% of the current conversion price (10.99 yuan per share) for at least 15 trading days within a 30-day period between July 23, 2025, and August 28, 2025. The board of directors approved this action on August 28, 2025.

Key dates for bondholders include a redemption registration date of September 19, 2025, and a redemption date of September 22, 2025. Trading of the bonds will cease on September 17, 2025, and conversion rights will stop on September 22, 2025. After the redemption is completed, the bonds will be delisted from the Shenzhen Stock Exchange. Investors are strongly advised to convert their bonds before the cessation of conversion rights to avoid potential losses, as the redemption price may differ from market value.