Kehua Bio-Engineering issues second reminder on convertible bond resale

Shanghai Kehua Bio-Engineering Co., Ltd. has issued a second reminder regarding the resale of its "Kehua convertible bonds." The conditional resale clause was triggered after the company's stock price consistently traded below 70% of the current conversion price for 30 consecutive trading days, from July 28, 2025, to September 5, 2025. The bonds are currently in their last two interest-accruing years.

The resale price for the convertible bonds is set at CNY 100.241 per bond, inclusive of interest and tax. The resale declaration period is scheduled from September 10, 2025, to September 16, 2025. Funds from the issuer are expected to arrive by September 19, 2025, with the resale payment transfer on September 22, 2025, and investor funds credited by September 23, 2025. Investors are cautioned that the current market price of "Kehua convertible bonds" is above the resale price, meaning choosing to resell might result in a loss.

During the declaration period, "Kehua convertible bonds" will continue to trade, but conversion to shares will be suspended. Investors have the option to resell partially or fully, but the resale is not mandatory. If no declaration is made within the period, the right to resell for this interest-accruing year will be forfeited.