Zhejiang Jingxing Paper announces early redemption of convertible bonds

Zhejiang Jingxing Paper Joint Stock Co., Ltd. announced the early redemption of its "Jingxing convertible bonds" (128130) at RMB 100.290 per bond, including accrued interest. The redemption was triggered after the company's stock price met the condition of closing at or above 130% of the current conversion price for at least 15 trading days between September 3 and September 23, 2025.

Trading of the bonds will halt on October 20, 2025, with the redemption registration date set for October 22, 2025, and the redemption date for October 23, 2025. Investors are advised to convert their bonds before the October 23, 2025, deadline, as unconverted bonds will be forcibly redeemed, and the redemption price may differ significantly from market prices.

As of October 10, 2025, a cumulative 11,373,538 "Jingxing convertible bonds" had been converted into 335,251,982 shares, representing 30.17% of the company's total shares issued before the conversion. Approximately 1,426,462 "Jingxing convertible bonds" remain unconverted, accounting for 11.14% of the total issuance. The company's board approved the early redemption on September 23, 2025.