Xinjiang Communications Construction to redeem convertible bonds early

Xinjiang Communications Construction Group Co. has announced the early redemption of its "Jiaojian convertible bonds" after its stock price triggered the redemption clause. From August 8, 2025, to August 28, 2025, the company's stock price closed above 130% of its current conversion price of 10.00 yuan per share for 15 trading days. The board of directors approved the early redemption on August 28, 2025.

The redemption price is set at 100.044 yuan per bond, which includes accrued interest of 0.044 yuan per bond, based on an annual interest rate of 2.00% for the current period. The redemption registration date is September 22, 2025, and the redemption date is September 23, 2025. Trading of the "Jiaojian convertible bonds" will cease on September 18, 2025, and conversion rights will stop on September 23, 2025.

Bonds not converted by the close of trading on September 22, 2025, will be mandatorily redeemed. Investors are advised to convert their bonds within the specified period, as the redemption price may significantly differ from market prices before the halt in trading and conversion. Any bonds held under pledge or freeze should be released before the conversion deadline to avoid forced redemption.