Shanghai Xuerong Bio-Technology announces early redemption of convertible bonds

Shanghai Xuerong Bio-Technology Co., Ltd. has announced the early redemption of its "Xuerong Convertible Bonds" at a price of CNY 100.93 per bond (including accrued interest). The company's stock met redemption conditions after its closing price stayed above 120% of the current conversion price (CNY 4.92/share) for at least 15 trading days within 30 consecutive trading days from August 14, 2025, to September 3, 2025.

Key dates for bondholders include a stop trading date of October 10, 2025, and a redemption registration date of October 14, 2025. The redemption date is set for October 15, 2025, after which the bonds will cease trading and be delisted from the Shenzhen Stock Exchange. Bondholders are urged to convert their bonds into shares before the redemption date to avoid potential losses, as the market price currently differs significantly from the redemption price.

Holders wishing to convert must have open trading permissions for the ChiNext board. The company cautions that those not meeting the suitability requirements for ChiNext board stocks will be unable to convert their bonds into shares. The final transaction date for the Z Rong Convertible Bond is October 9, 2025.