Hailiang announces early redemption of convertible bonds

Zhejiang Hailiang Co., Ltd. has announced its sixteenth indicative announcement for the early redemption of "Hailiang convertible bonds," effective September 29, 2025. The redemption price is set at CNY 101.710 per bond, inclusive of accrued interest at an annual rate of 2.00%. The company's board decided to exercise its early redemption right after the stock price met callable conditions, closing above 130% of the current conversion price (CNY 9.20/share) for 15 trading days within a 30-day period.

Key dates for bondholders include the cessation of trading on September 24, 2025, and the last day for conversion into shares on September 29, 2025. Bonds not converted by the redemption registration date of September 26, 2025, will be compulsorily redeemed. Funds for the redemption are expected to reach the company's account by October 10, 2025, with bondholders receiving payments by October 14, 2025.

Bondholders are strongly advised to convert their bonds to avoid potential losses, as the redemption price may differ significantly from market prices prior to the cessation of trading and conversion. Those with pledged or frozen bonds should resolve these issues before the conversion deadline to ensure eligibility. Following the redemption, "Hailiang convertible bonds" will be delisted from the Shenzhen Stock Exchange.