Xuerong Bio-Technology to redeem convertible bonds, urges timely conversion

Shanghai Xuerong Bio-Technology Co., Ltd. has triggered the conditional redemption clause for its "Xuerong convertible bonds" (123056), initiating an early redemption. The redemption price is set at CNY 100.93 per bond, including accrued interest. The conditions were met on September 3, 2025, after the company's stock price traded above 120% of the current conversion price for at least 15 days within a 30-day period.

The last trading day for the convertible bonds will be October 10, 2025, and the last day for conversion will be October 15, 2025. Bonds remaining unconverted by the close of market on October 14, 2025, will be subject to mandatory redemption. Following the redemption, "Xuerong convertible bonds" will be delisted from the Shenzhen Stock Exchange.

Bondholders are strongly advised to convert their bonds into shares before the October 15, 2025, deadline to avoid potential investment losses, as the current market price of the convertible bonds may differ significantly from the redemption price. Investors must have valid GEM trading permission to convert their bonds.