Xuerong convertible bonds face mandatory redemption, investors urged to convert

Shanghai Xuerong Bio-Technology has announced that its convertible bonds will cease trading on October 9, 2025, and will be mandatorily redeemed on October 15, 2025. The final date for bondholders to convert their bonds into shares is October 14, 2025. Unconverted bonds will be redeemed at CNY 100.93 per bond, including accrued interest.

The company's stock price met mandatory redemption conditions, trading at or above 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. Bondholders are strongly advised to convert their bonds to avoid substantial losses, as the current market price differs significantly from the redemption price.

The redemption process will begin after the October 14, 2025, record date, with funds expected in investor accounts by October 22, 2025. Xuerong Convertible Bonds will be delisted from the Shenzhen Stock Exchange once redemption is complete.