Xuerong Bio-Technology announces mandatory convertible bond redemption

Shanghai Xuerong Bio-Technology announced the mandatory redemption of its convertible bonds, "Xuerong Convertible Bonds," at a price of 100.93 yuan per bond (including accrued interest). This redemption is due to the triggering of conditional redemption clauses. The last day for bond conversion is October 14, 2025, after which unconverted bonds will be automatically redeemed.

The redemption conditions were met on September 3, 2025, with the company's stock closing at or above 120% of the current conversion price (4.92 yuan per share) for at least 15 trading days within a consecutive 30-trading-day period between August 14, 2025, and September 3, 2025.

Trading of "Xuerong Convertible Bonds" will cease on October 10, 2025. The redemption date is set for October 15, 2025, with funds reaching the China Securities Depository and Clearing Corporation Limited account by October 20, 2025, and investor accounts by October 22, 2025. Investors are advised to convert their bonds by the deadline to avoid potential losses from mandatory redemption, especially given the significant difference between the redemption price and market price before the conversion cessation.

Investors must have a valid ChiNext trading account to convert the bonds. Holders whose bonds are pledged or frozen are advised to unpledge or unfreeze them before the conversion deadline. The company will publish redemption results and delisting announcements within seven trading days after the redemption is complete.