Core Viewpoint - Xizi Clean Energy announced that the "Xizi Convertible Bonds" will be forcibly redeemed after the market closes on September 19, 2025, if not converted by that date, leading to their delisting from the Shenzhen Stock Exchange [1] Summary by Relevant Sections - Announcement Details - The company has set a deadline for the conversion of "Xizi Convertible Bonds" to avoid forced redemption [1] - Investors are advised to lift any pledges or freezes on their bonds before the conversion deadline to prevent issues with forced redemption [1]

| 证券代码：002534 | 证券简称：西子洁能 | 编号：2025－088 | | --- | --- | --- | | 债券代码：127052 | 债券简称：西子转债 | | 西子清洁能源装备制造股份有限公司 关于提前赎回"西子转债"的第五次提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 8、投资者赎回款到账日：2025年9月29日 9、赎回类别：全部赎回 10、最后一个交易日可转债简称：Z子转债 11、根据安排，截至 2025年9月19日收市后仍未转股的"西子转债"将被强 制赎回。本次赎回完成后，"西子转债"将在深圳证券交易所摘牌。投资者持有 的"西子转债"存在被质押或冻结情形的，建议在停止转股日前解除质押或冻 结，以免出现因无法转股而被强制赎回的情形。 12、风险提示：本次"西子转债"赎回价格可能与其停止交易和停止转股 前的市场价格存在较大差异，特提醒持有人注意在限期内转股。投资者如未及 时转股，可能面临损失，敬请投资者注意投资风险。 特别提示： 1、"西子转债"赎回价格：101.12元/张（含息税，当期年利率1.50%），扣 税后的赎 ...

Group 1 - The company reported a revenue of 2.794 billion yuan for the first half of 2025, a year-on-year decrease of 6.49%, and a net profit attributable to shareholders of 148 million yuan, down 56.81% year-on-year [1] - In Q2 2025, the company achieved a revenue of 1.581 billion yuan, a year-on-year decrease of 13.90%, with a net profit attributable to shareholders of 94 million yuan, an increase of 11.37% year-on-year [1] Group 2 - The company optimized its order structure, achieving new orders of 2.784 billion yuan in H1 2025, with significant contributions from waste heat boilers (703 million yuan), clean energy equipment (281 million yuan), solutions (1.477 billion yuan), and spare parts and services (323 million yuan) [2] - As of June 30, 2025, the company had a backlog of orders amounting to 6.119 billion yuan, indicating a focus on enhancing order quality and structure for high-quality business development [2] Group 3 - The company is expanding into future growth markets such as solar thermal and nuclear power, having developed a large-capacity molten salt heat exchanger and steam generation system for solar thermal applications, achieving optimal performance metrics compared to global peers [2] - The company is upgrading its manufacturing capabilities for nuclear power products at its Chongxian manufacturing base, aiming to capitalize on opportunities in the nuclear power market [2] Group 4 - The subsidiary Zhejiang Zhentai Energy has independently developed core technology for solid oxide fuel cells (SOFC), addressing reliability, consistency, startup speed, and thermal shock resistance issues, with performance metrics meeting or exceeding international standards [3] - The company is positioned as a leader in the waste heat boiler industry, with an optimized order backlog and potential growth in solar thermal, nuclear power, and SOFC markets, projecting net profits of 441 million, 486 million, and 568 million yuan for 2025-2027 [3]

Core Viewpoint - Xizi Clean Energy announced that the "Xizi Convertible Bonds" will be forcibly redeemed if not converted by the close of trading on September 19, 2025, leading to their delisting from the Shenzhen Stock Exchange [1] Group 1 - The company has set a deadline for the conversion of "Xizi Convertible Bonds" to avoid forced redemption [1] - Investors are advised to lift any pledges or freezes on their "Xizi Convertible Bonds" before the conversion deadline to prevent issues with forced redemption [1]

Group 1 - The company announced the early redemption of "Xizi Convertible Bonds" due to the stock price triggering conditional redemption clauses [1] - The redemption price is set at 101.12 CNY per bond (including interest and tax) [1] - The redemption registration date is September 19, 2025, with the redemption date on September 22, 2025, and trading suspension on September 17, 2025 [1] Group 2 - Bonds that have not been converted by the close of September 19, 2025, will be forcibly redeemed [1] - After the redemption is completed, the bonds will be delisted from the Shenzhen Stock Exchange [1] - The company warns investors that the redemption price may differ significantly from the market price, and failure to convert in time may lead to losses [1]

| 证券代码：002534 | 证券简称：西子洁能 | 编号：2025－087 | | --- | --- | --- | | 债券代码：127052 | 债券简称：西子转债 | | 西子清洁能源装备制造股份有限公司 关于提前赎回"西子转债"的第四次提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、"西子转债"赎回价格：101.12元/张（含息税，当期年利率1.50%），扣 税后的赎回价格以中国证券登记结算有限责任公司深圳分公司（以下简称"中 登公司"）核准的价格为准。 2、有条件赎回条款触发日：2025年8月28日 3、赎回登记日：2025年9月19日 4、赎回日：2025年9月22日 8、投资者赎回款到账日：2025年9月29日 9、赎回类别：全部赎回 10、最后一个交易日可转债简称：Z子转债 11、根据安排，截至 2025年9月19日收市后仍未转股的"西子转债"将被强 制赎回。本次赎回完成后，"西子转债"将在深圳证券交易所摘牌。投资者持有 的"西子转债"存在被质押或冻结情形的，建议在停止转股日前解除质押或冻 结，以免出现因无法转 ...

Redemption Overview - The company has triggered the conditional redemption of "Xizi Convertible Bonds" as the stock price has been at or above 130% of the conversion price for 15 trading days from July 23, 2025, to August 28, 2025, reaching 14.29 CNY per share [1][2] - The company will redeem all outstanding "Xizi Convertible Bonds" registered as of the redemption registration date [2] Conditional Redemption Terms - The company can redeem the bonds if either of the following conditions is met: 1. The stock price remains above 130% of the conversion price for at least 15 out of 30 consecutive trading days 2. The total amount of unconverted bonds is less than 30 million CNY [2] Redemption Price and Calculation - The redemption price is set at 101.12 CNY per bond, which includes accrued interest calculated based on the formula: IA = B × i × t / 365, where IA is the accrued interest, B is the total face value of the bonds held, i is the annual coupon rate, and t is the number of days from the last interest payment to the redemption date [3][4] Redemption Process and Timeline - The redemption will be executed for all bondholders registered by the close of trading on September 19, 2025, with funds transferred to their accounts by September 29, 2025 [3][4] Shareholder Trading Activity - The company has confirmed that there have been no trades of "Xizi Convertible Bonds" by major shareholders or executives in the six months leading up to the redemption conditions being met [4]

Group 1 - The core announcement is that Xizi Clean Energy will forcibly redeem the "Xizi Convertible Bonds" if they are not converted by the market close on September 19, 2025 [2] - Following the redemption, the "Xizi Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [2] - Investors holding "Xizi Convertible Bonds" that are pledged or frozen are advised to解除质押或冻结 before the conversion deadline to avoid forced redemption [2]

| 证券代码：002534 | 证券简称：西子洁能 | 编号：2025－086 | | --- | --- | --- | | 债券代码：127052 | 债券简称：西子转债 | | 西子清洁能源装备制造股份有限公司 关于提前赎回"西子转债"的第三次提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、"西子转债"赎回价格：101.12元/张（含息税，当期年利率1.50%），扣 税后的赎回价格以中国证券登记结算有限责任公司深圳分公司（以下简称"中 登公司"）核准的价格为准。 2、有条件赎回条款触发日：2025年8月28日 3、赎回登记日：2025年9月19日 4、赎回日：2025年9月22日 8、投资者赎回款到账日：2025年9月29日 9、赎回类别：全部赎回 10、最后一个交易日可转债简称：Z子转债 11、根据安排，截至 2025年9月19日收市后仍未转股的"西子转债"将被强 制赎回。本次赎回完成后，"西子转债"将在深圳证券交易所摘牌。投资者持有 的"西子转债"存在被质押或冻结情形的，建议在停止转股日前解除质押或冻 结，以免出现因无法转 ...

Group 1 - The core announcement is that Xizi Clean Energy will forcibly redeem the "Xizi Convertible Bonds" if they are not converted by the close of trading on September 19, 2025 [2] - Following the redemption, the "Xizi Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [2] - Investors holding "Xizi Convertible Bonds" that are pledged or frozen are advised to解除质押 or freeze before the conversion deadline to avoid forced redemption [2]