Xuerong Bio-Technology to redeem convertible bonds, secures new credit line

Shanghai Xuerong Bio-Technology will proceed with the mandatory early redemption of "Xuerong Convertible Bonds" at a price of CNY 100.93 per bond, including accrued interest. The redemption is scheduled for October 15, 2025, with trading ceasing on October 10, 2025, and conversion stopping on October 15, 2025. This action follows the triggering of the conditional redemption clause, as the company's stock price met the specified threshold for 15 out of 30 consecutive trading days from August 14, 2025, to September 3, 2025.

In a related development, Shanghai Xuerong Bio-Technology has applied to Shanghai Rural Commercial Bank for a comprehensive credit line of up to CNY 40,000,000, providing property mortgage guarantees. This new credit facility aims to support the company’s daily operations and working capital needs.