Xizi convertible bonds to halt trading ahead of early redemption

Xizi Clean Energy Equipment Manufacturing Co., Ltd. has announced the early redemption of its "Xizi Convertible Bonds." The last trading day for the bonds will be September 16, 2025, with trading ceasing after market close. The final day for bondholders to convert their bonds into shares is September 19, 2025, after which any unconverted bonds will be subject to mandatory redemption.

The redemption price for the "Xizi Convertible Bonds" is set at RMB101.12 per bond, which includes principal and accrued interest at an annual rate of 1.50%. This redemption follows the activation of a conditional redemption clause, triggered after the company's stock price met specified criteria for 15 trading days between July 23, 2025, and August 28, 2025.

The company advises bondholders to carefully review the announcement and be aware of potential investment risks, as the redemption price may differ significantly from market prices before the trading halt and conversion suspension. Bondholders' funds will arrive by September 29, 2025.