Hailiang convertible bond: Redemption deadline approaches as company exercises early right

Zhejiang Hailiang Co., Ltd. has issued an advisory regarding its "Hailiang Convertible Bond," which will cease trading and conversion ahead of its scheduled redemption. The last day for bondholders to convert their bonds into shares is September 26, 2025. After this date, any unconverted bonds will be compulsorily redeemed at a price of CNY 101.710 per bond, inclusive of accrued interest.

The company's board decided to exercise its early redemption right on August 25, 2025, after the stock price met the trigger conditions. The redemption registration date is September 26, 2025, and the redemption date is September 29, 2025, from which point the bonds will also cease to be convertible. Subsequently, the "Hailiang Convertible Bond" will be delisted from the Shenzhen Stock Exchange.

Bondholders are advised to review the announcement, understand the associated risks, and make conversion decisions before the September 26, 2025 deadline to avoid potential losses from compulsory redemption. Funds from the redemption are expected to reach investor accounts by October 14, 2025.