Jingxing Paper to redeem convertible bonds, halting conversions

Zhejiang Jingxing Paper Joint Stock Co., Ltd. has initiated the early redemption of its "Jingxing convertible bond," with the final share conversion date set for October 22, 2025. After this date, any outstanding convertible bonds will cease to be convertible into shares and will be compulsorily redeemed at a price of 100.290 yuan per bond, including accrued interest.

The redemption conditions were met on September 23, 2025, and trading of the convertible bond will cease on October 20, 2025. The redemption registration date is October 22, 2025, and the actual redemption date is October 23, 2025, after which the "Jingxing convertible bond" will be delisted from the Shenzhen Stock Exchange.

Funds for the redemption are expected to reach the China Securities Depository and Clearing Corporation's account by October 28, 2025, with investors receiving their proceeds by October 30, 2025. Bondholders are urged to convert their bonds promptly to avoid potential losses due to market price discrepancies between the redemption price and the trading/conversion cessation prices.