Shanghai Bairun offers put option to convertible bondholders

Shanghai Bairun Investment Holding Group Co., Ltd. has announced a put option for its "Bailun Convertible Bonds." This option is triggered because the company's stock price has fallen below 70% of the current conversion price (46.68 yuan per share) for thirty consecutive trading days between September 29, 2025, and November 17, 2025.

The put option allows holders to sell their unconverted bonds back to the company at a price of 100.252 yuan per bond, inclusive of interest and tax. The put option declaration period is scheduled from November 19, 2025, to November 25, 2025. Funds will reach the company by November 28, 2025, with investor payments expected by December 2, 2025.

During the declaration period, "Bailun Convertible Bonds" will continue to trade but will temporarily suspend conversion into shares. Investors are cautioned that the current market price of the bonds is higher than the put option price, and exercising the option may result in a loss. Individual investors will receive 100.201 yuan per bond after a 20% interest income tax deduction.