Xinjiang Communications: Jiaojian convertible bonds face mandatory redemption

Xinjiang Communications Construction Group has issued an important reminder regarding the impending mandatory redemption of its "Jiaojian Convertible Bonds." The last day for bondholders to convert their bonds into shares is September 22, 2025. After this, any remaining convertible bonds will be mandatorily redeemed at a price of CNY 100.044 per bond, including accrued interest and taxes. This final redemption price is subject to approval by China Securities Depository and Clearing Corporation Limited.

The company's board of directors decided to exercise its early redemption right on August 28, 2025. The bonds will cease trading on September 18, 2025, and conversion will halt on September 23, 2025. The redemption date is September 23, 2025, with funds expected to reach investors' accounts by September 30, 2025. After redemption, the "Jiaojian Convertible Bonds" will be delisted from the Shenzhen Stock Exchange.

Bondholders are strongly advised to convert their bonds before the deadline to avoid potential losses, as the redemption price may differ significantly from market prices. Those with pledged or frozen bonds should release them before the conversion halt.