Jingxing convertible bond to be redeemed early after stock price surge

Zhejiang Jingxing Paper Joint Stock Co., Ltd. announced the early redemption of its "Jingxing convertible bond," with a redemption price of 100.290 yuan per bond (inclusive of accrued interest). The redemption condition was met on September 23, 2025, after the company's stock price consistently traded above 130% of the current conversion price of 3.39 yuan/share for 15 out of 30 trading days.

Key dates for the redemption process include the cessation of trading for "Jingxing convertible bond" on October 20, 2025, and the stop of conversion on October 23, 2025. The redemption registration and redemption date is October 23, 2025. Funds are expected to reach bondholders' accounts by October 30, 2025.

Investors are strongly cautioned that any "Jingxing convertible bond" not converted into shares by the market close on October 22, 2025, will be compulsorily redeemed at the stated price. After redemption, the bonds will be delisted from the Shenzhen Stock Exchange. Bondholders with pledged or frozen bonds are advised to resolve these issues before the trading suspension to ensure eligibility for conversion.