Tibet Cheezheng convertible bonds to delist after early redemption

Tibet Cheezheng Tibetan Medicine announced the upcoming delisting of its "Qizheng Convertible Bonds" (bond code: 128133) from the Shenzhen Stock Exchange on September 11, 2025. This follows the full early redemption of the bonds. The redemption date for the bonds was September 3, 2025, and trading and conversion ceased on this date.

The early redemption was triggered on August 11, 2025, when the company's stock price met the conditional redemption clause of 130% of the current conversion price (RMB 19.01/share). The board of directors approved the early redemption at a price of RMB 101.701 per bond, inclusive of accrued interest.

As of the redemption registration date on September 2, 2025, 11,974 bonds remained unconverted and were subsequently redeemed. The company paid a total of RMB 1,217,767.52 for the redemption. This redemption increases the company's total share capital by 41,971,969 shares due to prior conversions, which will dilute short-term earnings per share.