Xinjiang Communications announces early redemption of convertible bonds

Xinjiang Communications Construction Group has announced the early redemption of its "Jiaojian Convertible Bonds," effective September 23, 2025. The final conversion date for these bonds is September 22, 2025, after which any unconverted bonds will be mandatorily redeemed at a price of 100.044 yuan per bond, which includes accrued interest. The company met the redemption conditions between August 8 and August 28, 2025, as its stock price consistently exceeded 130% of the current conversion price of 10.00 yuan per share.

The company's board of directors approved the early redemption on August 28, 2025, exercising its right to redeem all outstanding bonds. Trading of "Jiaojian Convertible Bonds" ceased on September 18, 2025, and the bonds will be delisted from the Shenzhen Stock Exchange following the redemption. Funds for the redemption are scheduled to reach the issuer's account by September 26, 2025, with investor accounts credited by September 30, 2025.

Investors are urged to convert their bonds by the September 22 deadline, as the redemption price may differ significantly from market prices prior to the trading and conversion suspension. Holders with pledged or frozen bonds are advised to clear these statuses to ensure eligibility for conversion.