Lizhong convertible bonds face early redemption, conversion deadline approaches

Lizhong Group announced the early redemption of its convertible bonds, with a redemption price set at CNY 100.39 per bond, inclusive of accrued interest. The company met the conditions for early redemption between September 29, 2025, and November 17, 2025, as its stock price consistently exceeded 130% of the conversion price for at least 15 trading days within 30 consecutive trading days. The last day for trading the convertible bonds will be December 12, 2025, and the last day for conversion into shares will be December 17, 2025.

Holders of Lizhong convertible bonds are strongly advised to convert their bonds into shares before December 17, 2025. Any bonds not converted by the close of business on December 16, 2025, will be compulsorily redeemed at the stated price. This could result in losses if the secondary market price of the convertible bonds exceeds the redemption price. Following the redemption, Lizhong Convertible Bonds will be delisted from the Shenzhen Stock Exchange. Investors who wish to convert must have a valid ChiNext trading account.