Xinjiang Communications announces early convertible bond redemption

Xinjiang Communications Construction Group has announced the eleventh indicative announcement for the early redemption of its "Jiaojian convertible bond," effective from September 23, 2025. The company’s stock price triggered the redemption clause by trading at or above 130% of its current conversion price (CNY 10.00 per share) for fifteen trading days between August 8 and August 28, 2025.

The redemption price for the "Jiaojian convertible bond" is set at CNY 100.044 per bond, which includes accrued interest at an annual rate of 2.00% for eight days. All bonds not converted by the redemption registration date of September 22, 2025, will be mandatorily redeemed. The convertible bonds will cease trading on September 18, 2025, and conversion will stop on September 23, 2025.

Funds for the redemption will reach the China Securities Depository and Clearing Corporation's account by September 26, 2025, with investors receiving their redemption proceeds by September 30, 2025. Bondholders are advised to convert their bonds before the stop date to avoid potential losses, as the redemption price may differ significantly from market prices.