Zhejiang Hailiang announces early redemption of convertible bonds

Zhejiang Hailiang Company Limited announced the early redemption of its "Hailiang Convertible Bonds" at a price of CNY 101.710 per bond, including accrued interest. The decision follows the company's stock price exceeding 130% of the current conversion price (CNY 9.20/share) for 15 trading days within a 30-day period, triggering the conditional redemption clause. The redemption registration date is set for September 26, 2025, with trading ceasing on September 24, 2025, and bond conversion stopping on September 29, 2025.

The company will fully redeem all outstanding convertible bonds as of the redemption registration date. Bondholders' funds are expected to arrive in their accounts by October 14, 2025. After the redemption, "Hailiang Convertible Bonds" will be delisted from the Shenzhen Stock Exchange.

Investors are strongly advised to convert their bonds into shares before the conversion stop date of September 29, 2025, to avoid potential losses from the mandatory redemption. Holders with pledged or frozen bonds should release these encumbrances to ensure a smooth conversion. The redemption price may differ significantly from the market price before trading and conversion cease, necessitating prompt action from investors.