Summary of Key Points Core Viewpoint The announcement from Zhejiang Hailiang Co., Ltd. details the upcoming redemption and cessation of conversion for its convertible bonds, "Hailiang Convertible Bonds," emphasizing the importance for bondholders to act before the final conversion date. Group 1: Important Dates and Actions - The last conversion date for "Hailiang Convertible Bonds" is September 26, 2025, after which unconverted bonds will cease to be convertible [2][4] - The redemption price for the bonds is set at 101.710 CNY per bond, including accrued interest at an annual rate of 2.00% [3][16] - The bonds will stop trading on September 24, 2025, and the redemption registration date is September 26, 2025 [4][20] Group 2: Redemption Conditions and Procedures - The redemption conditions were met on August 25, 2025, allowing the company to exercise its right to redeem the bonds early [5][10] - The bonds will be fully redeemed on September 29, 2025, with funds credited to bondholders' accounts by October 14, 2025 [21][22] - Bondholders must ensure that any pledged or frozen bonds are released before the conversion cessation date to avoid forced redemption [4][25] Group 3: Convertible Bond Details - The total issuance of "Hailiang Convertible Bonds" was 315 million bonds, with a total value of 3.15 billion CNY, issued on November 21, 2019 [5][6] - The initial conversion price was set at 9.83 CNY per share, which has been adjusted multiple times due to annual profit distributions, with the latest adjustment bringing it to 9.20 CNY per share [7][10][9] Group 4: Future Plans for H Shares - The company is planning to issue H shares and list them on the Hong Kong Stock Exchange to enhance its global strategy and competitiveness [27][28] - The specific details of the H share issuance are still under discussion with relevant intermediaries and have not yet been finalized [27][28]

Core Viewpoint - Zhejiang Hailiang Co., Ltd. has announced the early redemption of its convertible bonds, "Hailiang Convertible Bonds," due to the fulfillment of redemption conditions based on the company's stock performance [5][12]. Group 1: Redemption Details - The last conversion date for "Hailiang Convertible Bonds" is September 26, 2025, after which unconverted bonds will cease to be convertible [2]. - The redemption price for "Hailiang Convertible Bonds" is set at 101.710 CNY per bond, which includes accrued interest at an annual rate of 2.00% [3][17]. - The conditions for redemption were met as the company's stock price exceeded 130% of the conversion price for 15 trading days [11][12]. Group 2: Timeline and Procedures - The redemption conditions satisfaction date is August 25, 2025, with the bonds ceasing to trade on September 24, 2025 [4][20]. - The redemption registration date is September 26, 2025, and the actual redemption will occur on September 29, 2025 [4][21]. - Funds from the redemption will be credited to investors' accounts by October 14, 2025 [21]. Group 3: Bond Issuance and Trading - The company issued 31.50 billion CNY worth of convertible bonds on November 21, 2019, with a maturity of six years [6][7]. - The initial conversion price was set at 9.83 CNY per share, which has been adjusted multiple times due to annual equity distributions [8][10][11].

Core Viewpoint - Zhejiang Hailiang Co., Ltd. has announced the early redemption of its convertible bonds, "Hailiang Convertible Bonds," due to the fulfillment of redemption conditions based on the company's stock performance [5][12]. Group 1: Redemption Details - The last conversion date for "Hailiang Convertible Bonds" is September 26, 2025, after which unconverted bonds will cease to be convertible [2]. - The redemption price for "Hailiang Convertible Bonds" is set at 101.710 CNY per bond, which includes accrued interest at an annual rate of 2.00% [3][17]. - The redemption conditions were met on August 25, 2025, allowing the company to exercise its right to redeem the bonds [4][12]. Group 2: Bond Issuance and Trading - The company issued 31.50 billion CNY worth of convertible bonds on November 21, 2019, with a maturity period of six years [6][7]. - The bonds were listed for trading on the Shenzhen Stock Exchange starting December 16, 2019, under the name "Hailiang Convertible Bonds" [7]. Group 3: Conversion and Price Adjustments - The initial conversion price was set at 9.83 CNY per share, which has been adjusted multiple times due to annual equity distributions, with the latest adjustment bringing it to 9.20 CNY per share as of July 4, 2025 [8][10][11]. - The conversion period for the bonds began on May 27, 2020, and will last until the maturity date on November 21, 2025 [8]. Group 4: Redemption Process and Timeline - The bonds will stop trading on September 24, 2025, with the redemption registration date set for September 26, 2025 [20]. - The actual redemption will occur on September 29, 2025, with funds reaching bondholders' accounts by October 14, 2025 [21].

Group 1 - Hailiang Co., Ltd. announced that the "Hailiang Convertible Bonds" will be forcibly redeemed if not converted by the close of trading on September 26, 2025 [1] - Following the redemption, the "Hailiang Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [1] - Bondholders are advised to convert their bonds before the deadline, especially if their bonds are pledged or frozen, to avoid being forced to redeem [1]

Core Points - Hailiang Co., Ltd. announced that the "Hailiang Convertible Bonds" will be forcibly redeemed if not converted by the close of trading on September 26, 2025 [2] - Following the redemption, the "Hailiang Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [2] - Bondholders are advised to lift any pledges or freezes on their "Hailiang Convertible Bonds" before the conversion deadline to avoid being redeemed due to inability to convert [2]

Core Viewpoint - Zhejiang Hailiang Co., Ltd. has announced the early redemption of its convertible bonds, "Hailiang Convertible Bonds," due to the fulfillment of redemption conditions based on the company's stock performance [2][9]. Summary by Sections Convertible Bond Basic Information - The company issued 31.50 billion yuan worth of convertible bonds on November 21, 2019, with a maturity of six years [3]. - The bonds were listed on the Shenzhen Stock Exchange on December 16, 2019, under the code "128081" [4]. Conversion Terms and Price Adjustments - The initial conversion price was set at 9.83 yuan per share, which has been adjusted multiple times due to annual profit distribution, with the latest adjustment bringing it to 9.20 yuan per share as of July 4, 2025 [5][6][7][8]. Redemption Conditions - The redemption was triggered as the stock price exceeded 130% of the conversion price for 15 trading days within the specified period [8][10]. - The board of directors approved the early redemption on August 25, 2025, and authorized management to handle the related matters [9]. Redemption Implementation Arrangements - The redemption price is set at 101.710 yuan per bond, which includes accrued interest [13][14]. - The bonds will stop trading on September 24, 2025, with the redemption date set for September 29, 2025 [17][18]. - Investors will receive the redemption amount in their accounts by October 14, 2025 [18]. Other Relevant Information - The company has confirmed that there were no transactions of the convertible bonds by major shareholders or executives in the six months leading up to the redemption conditions being met [19]. - Holders of the convertible bonds must process conversion requests through their respective securities companies [20].

Group 1 - Hailiang Co., Ltd. announced that the "Hailiang Convertible Bonds" will be forcibly redeemed if not converted by the close of trading on September 26, 2025 [2] - Following the redemption, the "Hailiang Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [2] - Bondholders are advised to lift any pledges or freezes on their "Hailiang Convertible Bonds" before the conversion deadline to avoid being redeemed due to inability to convert [2]

Core Viewpoint - Zhejiang Hailiang Co., Ltd. has announced the early redemption of its convertible bonds, "Hailiang Convertible Bonds," due to the fulfillment of redemption conditions based on the company's stock performance [2][9]. Summary by Sections Convertible Bond Basic Information - The company issued 31.50 billion yuan worth of convertible bonds on November 21, 2019, with a maturity of six years [3][4]. - The initial conversion price was set at 9.83 yuan per share, which has been adjusted multiple times due to annual profit distribution [5][6][7][8]. Redemption Conditions - The redemption conditions were triggered as the stock price exceeded 130% of the current conversion price for 15 trading days [8][9]. - The board of directors approved the early redemption on August 25, 2025, based on current market conditions [2][9]. Redemption Implementation Arrangements - The redemption price is set at 101.710 yuan per bond, including accrued interest [13][14]. - The redemption process includes specific dates for trading suspension, redemption registration, and payment to bondholders [17][18]. Other Relevant Information - The company will provide daily announcements regarding the redemption until the redemption date [17]. - Bondholders must handle conversion through their respective securities companies, and the minimum conversion unit is one bond [20].

Core Viewpoint - Hailiang Co., Ltd. announced that the "Hailiang Convertible Bonds" will be forcibly redeemed if not converted by the close of trading on September 26, 2025, leading to their delisting from the Shenzhen Stock Exchange [1] Group 1 - The company has issued a reminder to bondholders to convert their bonds before the deadline to avoid forced redemption [1] - Bondholders with pledged or frozen "Hailiang Convertible Bonds" are advised to解除质押 or freeze before the conversion deadline to prevent issues with redemption [1]

Core Viewpoint - Zhejiang Hailiang Co., Ltd. has decided to exercise its early redemption rights for the "Hailiang Convertible Bonds" due to the current market conditions and the company's situation, with the redemption price set at 101.710 yuan per bond, including accrued interest [4][10][13]. Group 1: Bond Redemption Details - The redemption price for the "Hailiang Convertible Bonds" is 101.710 yuan per bond, which includes accrued interest calculated at a 2.00% annual rate [2][14]. - The redemption conditions are met as the company's stock price has been above 130% of the current conversion price for 15 trading days [10][11]. - The redemption will occur on September 29, 2025, with the last trading day being September 24, 2025 [3][19]. Group 2: Bond Issuance and Trading Information - The "Hailiang Convertible Bonds" were issued on November 21, 2019, with a total issuance of 315 million bonds, amounting to 3.15 billion yuan [4]. - The bonds were listed for trading on the Shenzhen Stock Exchange starting December 16, 2019, under the code "128081" [4]. - The initial conversion price was set at 9.83 yuan per share, which has been adjusted multiple times due to annual profit distributions [6][8][9]. Group 3: Conversion and Redemption Procedures - The conversion period for the bonds started on May 27, 2020, and will end on November 21, 2025 [6]. - Investors must apply for conversion through the securities company that holds their bonds, with a minimum conversion unit of one bond [21]. - The company will announce the redemption details daily leading up to the redemption date [17].