Jingxing convertible bonds near early redemption trigger

Zhejiang Jingxing Paper Joint Stock announced that its Jingxing Convertible Bonds (bond code: 128130) are nearing potential early redemption. As of September 16, 2025, the company's stock price has traded at or above 130% of its current conversion price (3.39 yuan per share), or 4.41 yuan per share, for 10 trading days since September 3, 2025.

According to the bond prospectus, if the company's stock price consistently trades at or above 130% of the conversion price for at least 15 out of 30 consecutive trading days, the board of directors may decide to redeem all or part of the unconverted bonds at their face value plus accrued interest. The convertible bonds were issued on August 31, 2020, with a total value of 1.28 bn yuan, and their conversion period runs from March 4, 2021, to August 30, 2026. The current conversion price of 3.39 yuan per share was adjusted from an initial 3.40 yuan per share.

Investors are advised to consult the company's subsequent announcements for detailed information regarding this potential redemption, as the company will hold a board meeting to decide whether to exercise the redemption right once the conditions are met.