Shanghai Xuerong Bio-Technology to redeem convertible bonds early

Shanghai Xuerong Bio-Technology announced its tenth indicative notice regarding the early redemption of its "Xuerong Convertible Bonds." The redemption price is set at CNY 100.93 per bond, including accrued interest. The company’s stock price met the early redemption conditions, trading above 120% of the current conversion price (CNY 4.10/share), or CNY 4.92/share, for at least 15 out of 30 consecutive trading days from August 14, 2025, to September 3, 2025.

The board of directors approved the early redemption on September 3, 2025. The last trading day for the convertible bonds will be October 10, 2025, and the redemption registration date is October 14, 2025. Bonds that remain unconverted by the close of business on October 14, 2025, will be subject to mandatory redemption and delisted from the Shenzhen Stock Exchange. Investors are advised to convert their bonds before the stop-conversion date of October 15, 2025, to avoid potential investment losses due to the difference between the secondary market price and the redemption price.

In a related development, the company held its third interim shareholders' meeting on September 17, 2025, where shareholders approved various proposals, including revisions to the company’s articles of association, internal control policies, and a proposal to provide counter-guarantees for its wholly-owned subsidiaries.