Grandjoy Holdings to redeem and remarket bonds with put option in October 2025

Grandjoy Holdings Group Co., Ltd. announced that its "22 Grandjoy 01" corporate bonds, issued in 2022 to professional investors, will commence their interest payment and put option redemption on October 27, 2025. The bonds, with a par value of CNY 100 per unit, will pay an annual interest rate of 3.13% for this period. The bond issuer also confirmed an adjusted coupon rate of 2.25% for the fourth and fifth years of the bond's term, from October 27, 2025, to October 26, 2027.

The company exercised its right to adjust the coupon rate based on market conditions, with bondholders having a put option from September 5 to September 9, 2025. According to data from China Securities Depository and Clearing Corporation Limited (CSDC) Shenzhen Branch, 10,900,000 units of "22 Grandjoy 01" were put back to the company, totaling a redemption amount of CNY 1,090,000,000. The remaining outstanding bonds amount to 4,100,000 units, valued at CNY 410,000,000.

Grandjoy Holdings Group has further decided to remarket the repurchased bonds. These will be resold through the Shenzhen Stock Exchange trading terminal's "Put and Resale" section between October 28, 2025, and November 24, 2025, with a maximum resale quantity of 10,900,000 units. Any unsold bonds after this period will be canceled.