Xinjiang Communications to redeem convertible bonds, trading to halt

Xinjiang Communications Construction Group Co., Ltd. announced the early redemption of its Jiaojian Convertible Bonds. The last trading day for the bonds will be September 17, 2025, after which trading will halt. The final date for bondholders to convert their bonds into shares is September 22, 2025, with conversion stopping after that date. Unconverted bonds will be compulsorily redeemed.

The redemption price for each bond is set at 100.044 yuan, which includes accrued interest at a current annual rate of 2.00%. The redemption is triggered by the company's stock price meeting the call conditions between August 8, 2025, and August 28, 2025, specifically closing at or above 130% of the current conversion price (10.00 yuan per share) for at least fifteen trading days.

The company advises bondholders that the redemption price may significantly differ from market prices prior to the trading and conversion halts. Failure to convert or redeem within the specified deadlines could result in financial losses. Funds from the redemption are expected to reach investors' accounts by September 30, 2025.