Jingxing Paper to redeem convertible bonds early

Zhejiang Jingxing Paper Joint Stock Co. announced the early redemption of its "Jingxing convertible bond" (bond code: 128130), with a redemption price set at 100.290 yuan per bond, including accrued interest. This decision follows the triggering of conditional redemption clauses, as the company's stock price met the threshold of 130% of the current conversion price (3.39 yuan per share, or 4.41 yuan per share) for at least 15 trading days between September 3 and September 23, 2025.

The convertible bond will cease trading on October 20, 2025, with the redemption registration date on October 22, 2025. The last day for bondholders to convert their bonds into shares is October 23, 2025, after which unconverted bonds will be forcibly redeemed. Redemption funds are expected to reach the central depository account by October 28, 2025, and investor accounts by October 30, 2025.

Jingxing Paper reminds investors to be aware of the market price difference between the redemption price and the trading price before conversion halts, and to ensure any pledged or frozen bonds are released prior to the stop trading date to facilitate conversion and mitigate investment risks.