Wens Foodstuff issues second reminder for convertible bond put option

Wens Foodstuff Group has announced the second reminder for the put option on its convertible bonds, following changes in the utilization of raised funds. The put price is set at 101.149 yuan per bond (including interest and tax). The put option declaration period is from November 17, 2025, to November 21, 2025. During this period, convertible bonds will be suspended from conversion into shares, but normal trading will continue.

The company's capital is expected to arrive by November 26, 2025, with funds allocated on November 27, 2025, and investor funds expected to be received by November 28, 2025. Investors who choose not to declare during the specified period will automatically forfeit their put option rights. As of the announcement date, the closing price of the bonds was higher than the put price, meaning investors choosing to exercise the put option might incur losses.

The put option is not mandatory, allowing bondholders to decide whether to sell all or part of their non-converted bonds back to the company. The accrued interest calculation is based on an annual interest rate of 1.8% for the fifth interest-accruing period, covering 233 days from March 29, 2025, to November 17, 2025.