Jingxing convertible bonds to cease trading, face early redemption

Zhejiang Jingxing Paper Joint Stock Co., Ltd. has announced the early redemption of its "Jingxing convertible bonds," with the last trading day scheduled for October 17, 2025. Unconverted bonds will be subject to mandatory redemption at CNY 100.290 per bond, inclusive of accrued interest and taxes. This follows the satisfaction of redemption conditions on September 23, 2025, when the company's stock price met the 130% threshold of the current conversion price for 15 trading days.

The final day for investors to convert their bonds into shares is October 22, 2025. After this date, any remaining unconverted "Jingxing convertible bonds" will cease to be convertible and will be forcibly redeemed on October 23, 2025. The company emphasizes that the redemption price may significantly differ from market prices before the trading and conversion halts, urging bondholders to make timely decisions to avoid potential losses.

Funds for the redemption are expected to reach the China Securities Depository and Clearing Corporation Limited (CSDC) account by October 28, 2025, with bondholders receiving payment by October 30, 2025. Following the redemption, the "Jingxing convertible bonds" will be delisted from the Shenzhen Stock Exchange.