Xuerong convertible bonds face mandatory redemption, investors urged to convert

Shanghai Xuerong Bio-Technology Co., Ltd. has announced the impending cessation of trading and mandatory redemption of its convertible bonds. The final trading day for Xuerong Convertible Bonds will be October 9, 2025, with conversion into shares ending on October 14, 2025. Unconverted bonds will be mandatorily redeemed at CNY 100.93 per bond, including accrued interest.

The company emphasized that the current market price of Xuerong Convertible Bonds significantly differs from the redemption price. Bondholders who fail to convert their bonds by the deadline risk incurring substantial investment losses. Investors are strongly advised to convert their holdings to shares by October 14, 2025. The redemption price of CNY 100.93 per bond includes an annual interest rate of 3.00%.

The mandatory redemption was triggered as the company's stock price met conditional redemption requirements, with its closing price exceeding 120% of the current conversion price (CNY 4.92 per share) for at least 15 out of 30 consecutive trading days between August 14, 2025, and September 3, 2025. Funds for the redemption are expected to reach the China Securities Depository and Clearing Corporation Limited account by October 20, 2025, and bondholders' accounts by October 22, 2025.