Shanghai Xuerong Bio-Technology begins early redemption of convertible bonds

Shanghai Xuerong Bio-Technology Co., Ltd. has initiated the early redemption of its "Xuerong Convertible Bonds" (stock code: 123056) at a price of CNY 100.93 per bond, including accrued interest. This redemption was triggered because the company's stock price met the condition of trading above 120% of the current conversion price for at least 15 out of 30 consecutive trading days, starting from August 14, 2025.

The last day for trading the convertible bonds is October 10, 2025, and the last day for conversion into shares is October 15, 2025. Bondholders who do not convert their bonds by October 14, 2025, will have them compulsorily redeemed. The company's shares were previously adjusted to a conversion price of CNY 4.10 per share, effective August 26, 2024.

The company advises bondholders to exercise their conversion rights before the deadline to avoid potential investment losses, as the current market price of the convertible bonds may differ significantly from the redemption price. Bondholders must also ensure they have activated their ChiNext board trading permissions for stock conversion.