Xinjiang Communications Construction to redeem convertible bonds early

Xinjiang Communications Construction Group Co., Ltd. will redeem its "Jiaojian Convertible Bonds" at a price of CNY 100.044 per bond, including accrued interest. This follows the company's stock price meeting redemption conditions, trading at or above 130% of the current conversion price of CNY 10.00 per share for at least fifteen trading days between August 8, 2025, and August 28, 2025. The company's board approved the early redemption on August 28, 2025.

The bonds will cease trading on September 18, 2025, and the last day for conversion is September 23, 2025. The redemption registration date is September 22, 2025, with the actual redemption occurring on September 23, 2025. Funds will be deposited into investors' accounts by September 30, 2025. Following the redemption, "Jiaojian Convertible Bonds" will be delisted from the Shenzhen Stock Exchange.

Bondholders are strongly advised to convert their bonds into shares before the September 23, 2025, deadline, as the redemption price may differ significantly from market prices. Investors with pledged or frozen bonds should release them before the stop-conversion date to ensure they can convert.