Xuerong convertible bonds face mandatory redemption, investors urged to act

Shanghai Xuerong Bio-Technology announced that its "Xuerong Convertible Bonds" (SZSE:123056) will cease trading on October 10, 2025, and stop converting on October 15, 2025. Unconverted bonds will be mandatorily redeemed at CNY 100.93 per bond. The company triggered conditional redemption after its stock price met the 120% threshold of the current conversion price (CNY 4.92 per share) for at least 15 out of 30 consecutive trading days from August 14 to September 3, 2025.

Investors are advised that the last conversion day is October 14, 2025. Failure to convert by this date may result in substantial losses due to the difference between the current market price and the redemption price. Investors must also have a valid ChiNext trading account to convert their bonds into shares.

A separate announcement revealed a passive dilution of the controlling shareholder's stake. Due to the conversion of convertible bonds, the total share capital increased, reducing the combined shareholding of Yang Yongping and his associates by 1.1170%, from 20.8842% to 19.7672% as of October 9, 2025.