Jingxing paper to redeem convertible bonds, trading and conversion halts imminent

Zhejiang Jingxing Paper Joint Stock Co., Ltd. has announced the early redemption of its "Jingxing Convertible Bonds," with the last trading day set for October 17, 2025. After this date, the bonds will cease trading. The final conversion date for investors is October 22, 2025, after which unconverted bonds will be subject to mandatory redemption.

The redemption price for the convertible bonds is 100.290 yuan per bond, inclusive of accrued interest at a current annual interest rate of 2.0% before tax. The redemption conditions were met on September 23, 2025, following a period where the company's stock price met the specified criteria. The company emphasizes the importance of understanding the risks associated with the redemption and adhering to the conversion deadlines.

Unconverted bonds by October 22, 2025, will be forcibly redeemed, and the "Jingxing Convertible Bonds" will subsequently be delisted from the Shenzhen Stock Exchange. Bondholders with pledged or frozen bonds are advised to resolve these issues before the trading halt to avoid impediments to conversion. The company also reminds investors that the redemption price may differ significantly from market prices prior to the trading and conversion halts.