First Journey Holdings (00697): We have received a conversion notice for bonds with a total principal amount of US$173.15 million

Zhitong Finance App News, Shoucheng Holdings (00697) issued an announcement. As of the date of this announcement, the Company had received a conversion notice for bonds with a total principal amount of US$173.15 million (convertible bonds with a principal amount of US$180 million due in 2026, 0.75%), and had issued a total of 844 million shares to relevant bondholders. The bond accounts for about 96% of the initial principal amount of the bond, and has been converted and cancelled in accordance with the terms and conditions of the bond. Shares issued as a result of the above conversion account for approximately 10% of the total number of issued shares.

The Company intends to exercise the right of early redemption to fully redeem the bonds in the first quarter of 2026 (early redemption). The Company will give the trustee and principal agent a notice of not less than 30 days but not more than 60 days of notice and notice to bondholders in writing in accordance with these conditions in due course.

Once the early redemption is completed, there will be no issued but unpaid bonds. Therefore, the Company will apply to the Stock Exchange to withdraw the bond's listing status.

As of the date of this announcement, the outstanding principal amount of the bond was US$6.85 million, accounting for approximately 4% of the initial principal amount of the bond.