Shenzhen Kedali Industrial Co., Ltd. announces the twelfth 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 of convertible bonds: June 15, 2026
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Redemption price of convertible bonds: 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 based on the price approved by China Securities Depository and Clearing Corporation Limited Shenzhen Branch (hereinafter referred to as "China Clearing Shenzhen Branch").
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Date of funds arrival 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 of convertible bonds: June 15, 2026
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Date for meeting redemption conditions: May 18, 2026
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Registration date for redemption: June 12, 2026
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Date for issuer's funds arrival (to China Clearing Shenzhen Branch account): 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, any "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 (hereinafter referred to as "SZSE"). 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 conversion suspension date 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, holders 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 the risks. From April 16, 2026, to May 18, 2026, the stock of Shenzhen Kedali Industrial Co., Ltd. (hereinafter referred to as "the Company") has met the condition of having at least fifteen trading days with closing prices not lower than 130% of the current conversion price of "Keli Convertible Bonds" (i.e., 193.31 CNY per share). According to the relevant provisions of the "Prospectus for the Public Issuance of Convertible Corporate Bonds by Shenzhen Kedali Industrial Co., Ltd." (hereinafter referred to as "the Prospectus"), the conditional redemption clause has been satisfied. 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 of Directors decided to exercise the early redemption rights of "Keli Convertible Bonds" and authorized the Company's management and relevant departments to handle all matters related to the subsequent redemption of "Keli Convertible Bonds."
I. Issuance and Listing of Convertible Bonds
According to the approval from the China Securities Regulatory Commission (hereinafter referred to as "CSRC") regarding the public issuance of convertible corporate bonds by Shenzhen Kedali Industrial Co., Ltd. (CSRC Approval [2022] No. 1143), the Company publicly issued 15,343,705 convertible corporate bonds (hereinafter referred to as "this issuance of convertible 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 SZSE (SZSE Approval [2022] No. 715), the convertible corporate bonds were listed for trading on the SZSE starting from August 3, 2022, under the abbreviation "Keli Convertible Bonds" and bond code "127066."