Xinjiang Communications Construction calls for early conversion of Jiaojian bonds

Xinjiang Communications Construction Group Co., Ltd. has announced the early redemption of its “Jiaojian convertible bonds.” The redemption price is set at CNY 100.044 per bond, including accrued interest at a current annual interest rate of 2.00%. The company’s stock price met redemption conditions, closing at or above 130% of the current conversion price of CNY 10.00 per share for fifteen trading days between August 8, 2025, and August 28, 2025.

The redemption registration date is September 22, 2025, with the redemption date on September 23, 2025. Trading of the convertible bonds will cease on September 18, 2025, and conversion will stop on September 23, 2025. Unconverted bonds by the close of September 22, 2025, will be compulsorily redeemed and subsequently delisted from the Shenzhen Stock Exchange.

Investors are strongly advised to convert their bonds into shares before the stop conversion date to avoid potential losses, as the redemption price may differ significantly from market prices. The company also recommends that bondholders with pledged or frozen bonds release these restrictions before the conversion deadline.