Xuerong Bio-Technology to redeem convertible bonds early

Shanghai Xuerong Bio-Technology Co., Ltd. has announced the early redemption of its "Snowy Convertible Bonds" at a price of CNY 100.93 per bond (including accrued interest). This redemption is due to the convertible bonds meeting conditional redemption criteria. The conditions were met on September 3, 2025, after the company's stock price traded above 120% of the current conversion price for fifteen trading days within a thirty-day period.

The last day for trading the convertible bonds will be October 10, 2025, and the last day for conversion will be October 15, 2025. Unconverted bonds will be forcibly redeemed on October 15, 2025, with funds expected to reach investor accounts by October 22, 2025. After redemption, the convertible bonds will be delisted from the Shenzhen Stock Exchange.

Holders are strongly advised to convert their bonds into shares before the conversion deadline to avoid potential investment losses. The market price of the convertible bonds currently differs significantly from the redemption price. Investors need a GEM board trading account to convert to shares.