Xuerong convertible bonds set for early redemption

Shanghai Xuerong Bio-Technology Co., Ltd. announced the early redemption of its "Xuerong Convertible Bonds" at a price of CNY 100.93 per bond, including accrued interest. The redemption was triggered after the company’s stock price met the 120% threshold of the current conversion price for at least 15 trading days within a 30-day period. The board of directors approved the early redemption on September 3, 2025.

Key dates for bondholders include October 10, 2025, as the last trading day for the bonds, and October 15, 2025, as the last day for conversion. Bonds not converted by the close of trading on October 14, 2025, will be subject to mandatory redemption. Redemption funds are expected to reach the China Securities Depository and Clearing Corporation Limited account by October 20, 2025, with bondholders receiving payment by October 22, 2025. The company advises bondholders, especially those with pledged or frozen bonds, to resolve these issues before the conversion deadline. Holders must also have a GEM board trading account to convert bonds to shares.