Jidong convertible bonds trigger put option at RMB 100.258

Jidong Cement Group announced the activation of a conditional put option for its convertible bonds. The put option was triggered because the company's stock price closed below 70% of the current conversion price (RMB 13.01 per share), specifically at RMB 9.11 per share, for thirty consecutive trading days between November 5, 2025, and December 16, 2025. The bonds are also in their final two interest-accrual years.

The put-back price for the Jidong convertible bonds is set at RMB 100.258 per bond (including interest and tax). The put option declaration period for investors is scheduled from December 22, 2025, to December 26, 2025. The issuer's funds are expected to arrive by December 31, 2025, with put-back funds allocated by January 5, 2026, and reaching investors' accounts by January 6, 2026.

During the declaration period, the Jidong convertible bonds will continue to trade but will be suspended from conversion. The company emphasized that this put option is not mandatory, allowing bondholders to choose whether to exercise their right.