Hailiang convertible bonds: Trading and conversion to cease

Zhejiang Hailiang Co., Ltd. has begun the early redemption of its "Hailiang Convertible Bonds." The last trading day for these bonds is scheduled for September 23, 2025, after which they will cease trading. The final date for bondholders to convert their bonds into shares is September 26, 2025. After this date, any unconverted bonds will be subject to mandatory redemption and will stop being convertible.

The redemption price is set at 101.710 yuan per bond, inclusive of accrued interest at an annual rate of 2.00%. Bondholders are advised to review the announcement, understand the associated risks, and act by the final conversion deadline. Unconverted bonds after September 26, 2025, will be redeemed at the stated price.

The company will fully redeem all registered "Hailiang Convertible Bonds" by the redemption registration date of September 26, 2025, with funds expected to reach investor accounts by October 14, 2025. Following the redemption, "Hailiang Convertible Bonds" will be delisted from the Shenzhen Stock Exchange.