Wens Foodstuff Group to redeem convertible bonds, bondholders have choice

Wens Foodstuff Group announced the approval of a resolution to terminate and adjust the investment amount for certain fundraising projects during its "Wens Convertible Bonds" 2025 second bondholder meeting and its 2025 first extraordinary general meeting, both held on November 12, 2025. This decision triggers a put option for bondholders, allowing them to redeem their "Wens Convertible Bonds" (bond code: 123107) at a price of 101.149 yuan per bond (including interest and tax).

The declaration period for bondholders is scheduled from November 17 to November 21, 2025. During this period, the conversion of "Wens Convertible Bonds" into shares will be suspended, resuming on November 24, 2025. The company's funds are expected to arrive by November 26, 2025, with redemption funds transferred on November 27, 2025, and investors receiving their funds by November 28, 2025.

This redemption offer is not mandatory, giving bondholders the choice to participate. Investors are cautioned that the closing price of "Wens Convertible Bonds" on the last trading day before this announcement was higher than the redemption price, implying potential losses for those who choose to redeem. China International Capital Corporation Limited, as the sponsor, and Jia Yuan Law Offices have confirmed that the redemption process complies with relevant laws and regulations.