Zhejiang Hailiang to redeem convertible bonds early

Zhejiang Hailiang Co., Ltd. has initiated the early redemption of its "Hailiang convertible bonds" (bond code: 128081). The redemption price is CNY 101.710 per bond (including accrued interest and taxes). The redemption condition was met on August 25, 2025. The company’s stock price was at or above 130% of the current conversion price (CNY 9.20/share), or CNY 11.96/share, for fifteen trading days between August 4, 2025, and August 25, 2025.

Trading of the bonds will cease on September 24, 2025, with the redemption registration date set for September 26, 2025. The last day for conversion into shares is September 29, 2025, which is also the redemption date. Funds will reach bondholders' accounts by October 14, 2025.

Unconverted bonds will be compulsorily redeemed after the market close on September 26, 2025, leading to their delisting from the Shenzhen Stock Exchange. Bondholders with pledged or frozen bonds are advised to release these conditions before the conversion deadline to avoid forced redemption.