Jingxing convertible bond: Trading and conversion to cease soon

Zhejiang Jingxing Paper Joint Stock Co., Ltd. has announced that its convertible bonds, “Jingxing convertible bond,” will cease trading on October 20, 2025, and stop converting into shares on October 23, 2025. The final date for share conversion is the afternoon trading session of October 22, 2025. After this date, any remaining “Jingxing convertible bond” will be mandatorily redeemed at 100.290 yuan per bond, inclusive of accrued interest at an annual rate of 2.0%. Investors who fail to convert by the deadline may incur losses.

The company's board of directors approved the early redemption on September 23, 2025, after the redemption conditions were met. This was triggered by the company's stock closing price being at least 130% of the current conversion price (3.39 yuan/share, or 4.41 yuan/share) for at least 15 trading days within a 30-day period. The redemption amount will be transferred to China Securities Depository and Clearing Corporation Limited’s account by October 28, 2025, and subsequently to investors' accounts by October 30, 2025.

The company emphasizes that holders of “Jingxing convertible bond” should carefully review the announcement, understand the associated risks, and make prudent investment decisions before the final conversion deadline. Any pledged or frozen bonds should be unpledged or unfrozen before the trading cessation date to ensure successful conversion.