Shenzhen Kedali Industrial Co., Ltd. announces the seventh reminder regarding the early redemption of "Keli Convertible Bonds." The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Reminders
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Redemption Date: June 15, 2026
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Redemption Price: 101.405 CNY per bond (including accrued interest, with an annual interest rate of 1.5%, and the interest is tax-inclusive). The after-tax redemption price will be subject to the approval of the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd.
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Funds Arrival Date for Redemption: June 23, 2026
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Last Trading Day for Convertible Bonds: June 10, 2026
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Last Day for Conversion: June 15, 2026
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Conditions for Redemption Met Date: May 18, 2026
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Redemption Registration Date: June 12, 2026
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Funds Arrival Date for Issuer (to the account of China Securities Depository and Clearing Shenzhen Branch): June 18, 2026
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Redemption Type: Full Redemption
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Last Trading Day Convertible Bond Abbreviation: Z Li Convertible Bond
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According to the arrangement, "Keli Convertible Bonds" that have not been converted by the close of trading on June 12, 2026, will be forcibly redeemed at the price of 101.405 CNY per bond (including interest and tax). After this redemption is completed, "Keli Convertible Bonds" will be delisted from the Shenzhen Stock Exchange. Holders are reminded to convert their bonds within the deadline. If any "Keli Convertible Bonds" held by bondholders are pledged or frozen, it is recommended to lift the pledge or freeze before the last day for conversion to avoid forced redemption due to inability to convert.
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Risk Warning: Due to the significant difference between the current secondary market price of "Keli Convertible Bonds" and the redemption price, bondholders are reminded to convert their bonds within the deadline. If investors fail to convert in time, they may face losses; investors are advised to pay attention to risks. From April 16, 2026, to May 18, 2026, the stock of Shenzhen Kedali Industrial Co., Ltd. has met the condition of having at least 15 trading days with a closing price not lower than 130% of the current conversion price of "Keli Convertible Bonds" (i.e., 193.31 CNY/share). According to the relevant provisions of the conditional redemption clause in the "Prospectus for the Public Issuance of Convertible Corporate Bonds by Shenzhen Kedali Industrial Co., Ltd.," the conditional redemption clause for "Keli Convertible Bonds" has been met. The company held the 30th (temporary) meeting of the 5th Board of Directors on May 18, 2026, and approved the proposal for the early redemption of "Keli Convertible Bonds." Considering the current market and the company's situation, to reduce financial costs and subsequent interest expenses, and to improve capital utilization efficiency, the board has decided to exercise the early redemption rights of "Keli Convertible Bonds" and authorized the management and relevant departments to handle all matters related to the subsequent redemption of "Keli Convertible Bonds."
I. Issuance and Listing of Convertible Bonds
With the approval of the China Securities Regulatory Commission (CSRC) regarding the public issuance of convertible corporate bonds by Shenzhen Kedali Industrial Co., Ltd. (CSRC Permit [2022] No. 1143), the company publicly issued 15,343,705 convertible corporate bonds on July 8, 2022, with a face value of 100 CNY per bond and a term of 6 years. With the approval of the Shenzhen Stock Exchange (SZSE) (SZSE Document [2022] No. 715), the convertible corporate bonds were listed for trading on the SZSE starting August 3, 2022, under the abbreviation "Keli Convertible Bonds" and bond code "127066."