Jingxing Paper announces early redemption of convertible bonds

Zhejiang Jingxing Paper Joint Stock Company has announced the early redemption of its "Jingxing Convertible Bonds," with a redemption price of CNY 100.290 per bond (including accrued interest and 2.0% annual interest rate). This decision follows the company's stock price meeting the conditional redemption clause, with at least 15 trading days between September 3 and September 23, 2025, closing above 130% of the current conversion price of CNY 3.39 per share, reaching CNY 4.41 per share.

Key dates for bondholders include the last day of trading on October 20, 2025, and the redemption registration date on October 22, 2025. The deadline for conversion into shares is October 23, 2025, after which any remaining bonds will be forcibly redeemed. Bondholders whose bonds are pledged or frozen are advised to release them before the trading halt to avoid conversion issues.

The company will remit redemption funds to China Securities Depository and Clearing Corporation Limited by October 28, 2025, with investor payments expected by October 30, 2025. Investors are cautioned that the redemption price may differ significantly from market prices before the trading and conversion halts, posing a risk of loss if bonds are not converted in time.