Gelonghui November 22|Xindong Company (02400.HK) announced that as of November 22, 2023, the company had repurchased convertible bonds with a total principal amount of 45.4 million US dollars (1.25% convertible bonds due in 2026), accounting for about 16.21% of the total principal amount of convertible bonds previously issued. The repurchases of the repurchased convertible bonds mentioned above are funded by the internal resources of the company and its subsidiaries. The company expects to cancel the repurchased convertible bonds as soon as possible.
The board of directors believes that the above repurchases of convertible bonds will not have a significant impact on the company's financial situation. The board believes that the repurchase and subsequent cancellation of the repurchased convertible bonds reflects the company's confidence in its long-term business prospects and can also increase returns for the company's shareholders.