Zhejiang Hailiang to redeem convertible bonds early

Zhejiang Hailiang Co., Ltd. announced the early redemption of its "Hailiang Convertible Bonds" (128081) at a price of 101.710 yuan per bond (including accrued interest). The company's board approved the early redemption on August 25, 2025, after the stock price met redemption conditions. This occurred by closing at or above 130% of the current conversion price (9.20 yuan/share), or 11.96 yuan/share, for fifteen trading days between August 4, 2025, and August 25, 2025.

Key dates for bondholders include the cessation of trading for "Hailiang Convertible Bonds" on September 24, 2025, and the stop of conversion on September 29, 2025. The redemption registration date is September 26, 2025, with the actual redemption occurring on September 29, 2025. Funds from the issuer will be received by October 10, 2025, and bondholders' accounts will be credited by October 14, 2025.

Bondholders whose "Hailiang Convertible Bonds" remain unconverted by the close of business on September 26, 2025, will be subject to mandatory redemption. Following the redemption, the bonds will be delisted from the Shenzhen Stock Exchange. Investors holding pledged or frozen bonds are advised to release them before the conversion deadline to avoid forced redemption.