Xuerong Bio-Technology announces early redemption of convertible bonds

Shanghai Xuerong Bio-Technology Co., Ltd. has triggered the early redemption clause for its convertible bonds, "Xuerong convertible bonds." This follows its stock price meeting the required conditions.

From August 14, 2025, to September 3, 2025, the company's stock closed at or above 120% of the current conversion price (RMB 4.10/share), which is RMB 4.92/share, for at least 15 trading days within 30 consecutive trading days. The board approved the early redemption on September 3, 2025.

The redemption price for the "Xuerong convertible bonds" is RMB 100.93 per bond, including accrued interest at a 3.00% annual rate. This calculation covers accrued interest from June 24, 2025, to October 15, 2025, totaling RMB 0.93 per bond over 113 days.

The last trading day for the convertible bonds will be October 9, 2025, with trading suspended from October 10, 2025. The redemption registration date is October 14, 2025, and the redemption date is October 15, 2025.

Bonds not converted into shares by the close of business on October 14, 2025, will be subject to mandatory redemption. Investors who do not convert may face substantial investment losses due to the current market price of the convertible bonds differing significantly from the redemption price. The bonds will cease to be transferable into shares from October 15, 2025, and will be delisted from the Shenzhen Stock Exchange upon completion of the redemption.