Aofei Data convertible bond nears redemption trigger

Guangdong Aofei Data Technology Co., Ltd. (Aofei Data) announced that its stock price has closed at or above 130% of the Aofei Convertible Bond's current conversion price for ten consecutive trading days, from October 31, 2025, to November 13, 2025. The current conversion price for the bond is CNY 10.06 per share, meaning the trigger price is CNY 13.078 per share.

If the company's stock price continues to trade at or above 130% of the current conversion price, the Aofei Convertible Bond is expected to trigger its conditional redemption clause. Under the terms of the prospectus, the company's board of directors would then have the right to redeem all or part of the unconverted bonds at their face value plus accrued interest.

Investors are advised to review the convertible bond's prospectus and monitor future announcements from Aofei Data regarding this potential redemption. The latest conversion price for the Aofei Convertible Bond as of the announcement date is CNY 10.06 per share.