Lizhong Group announces early redemption of convertible bonds

Lizhong Group has issued its third announcement regarding the early redemption of its "Lizhong convertible bonds," with a redemption price set at 100.39 yuan per bond, including accrued interest. This mandatory redemption applies to all bonds not converted by the close of market on December 16, 2025.

The company's stock price met the conditional redemption trigger between September 29, 2025, and November 17, 2025, trading at or above 130% of the current conversion price for at least 15 out of 30 consecutive trading days. The conversion price was adjusted from 18.66 yuan per share to 18.65 yuan per share on November 14, 2025.

Key dates for investors include the cessation of trading on December 12, 2025, and the cessation of conversion on December 17, 2025. The redemption date is December 17, 2025, with redemption funds expected to reach investor accounts by December 24, 2025. The company cautions bondholders that failure to convert before the deadline may result in losses, as the current secondary market price differs significantly from the redemption price.