Xuerong convertible bonds face mandatory redemption, investors urged to convert

Shanghai Xuerong Bio-Technology Co., Ltd. has announced the mandatory redemption of its "Xuerong Convertible Bonds" at CNY 100.93 per bond. The final trading day for these bonds is October 9, 2025, after which they will cease trading. The last date for investors to convert their bonds into shares is October 14, 2025. After this date, all unconverted bonds will be subject to mandatory redemption, potentially leading to significant investment losses due to the current market price discrepancy.

The company's stock met conditional redemption criteria, with its closing price remaining above 120% of the current conversion price (CNY 4.92 per share) for at least 15 trading days within 30 consecutive trading days, from August 14 to September 3, 2025. Redemption funds are expected to reach the issuer's account on October 20, 2025, and investor accounts by October 22, 2025.

Investors are strongly advised to review the announcement, assess risks, and consider converting their bonds into shares within the stipulated timeframe. Bondholders are reminded that a live GEM trading account is required for conversion.