Liqiun Commercial Group Co., Ltd. Announcement on the Maturity Redemption and Delisting of "Liqiun Convertible Bonds"

Stock Code: 601366 Stock Abbreviation: Liqun Co., Ltd. Announcement No.: 2026-007 Bond Code: 113033 Bond Abbreviation: Liqun Convertible Bond

Liqun Commercial Group Co., Ltd. Announcement on Maturity Redemption and Delisting of “Liqun Convertible Bond”

The company’s board of directors and all directors guarantee that this announcement contains no false records, misleading statements, or major omissions, and assume legal responsibility for the authenticity, accuracy, and completeness of its content.

Important Notice:

Trading Suspension and Resumption: Applicable

Due to the maturity redemption and delisting of “Liqun Convertible Bond,” the relevant trading suspension and resumption details are as follows:

■

Convertible Bond Maturity/Registration Date: March 31, 2026

Principal and Interest Payment Amount: RMB 110 per bond (tax included)

Payment Date: April 1, 2026

Convertible Bond Delisting Date: April 1, 2026

Last Trading Day: March 26, 2026

Last Conversion Date: March 31, 2026

From March 27 to March 31, 2026, holders of “Liqun Convertible Bond” may still convert their bonds into company stock according to the agreed terms.

According to the China Securities Regulatory Commission’s approval document “Approval for Liqun Commercial Group Co., Ltd. to Publicly Issue Convertible Corporate Bonds” (Securities Permit [2020] No. 044), Liqun Commercial Group Co., Ltd. (hereinafter referred to as “Liqun Co., Ltd.” or “the Company”) publicly issued 18 million convertible bonds on April 1, 2020, with a face value of RMB 100 each, totaling RMB 1.8 billion, with a term of 6 years. With the approval of the Shanghai Stock Exchange, the bonds were listed on April 21, 2020, under the ticker “Liqun Convertible Bond,” bond code “113033.”

In accordance with the “Administrative Measures for Securities Issuance by Listed Companies,” the “Shanghai Stock Exchange Stock Listing Rules,” and the “Prospectus for Liqun Commercial Group Co., Ltd.'s Public Issuance of Convertible Bonds,” the following is the announcement of the maturity redemption and delisting of “Liqun Convertible Bond”:

1. Redemption Plan

Within five trading days after the bonds mature, the company will redeem all unconverted convertible bonds at 110% of the bond face value (including the final interest payment). The redemption amount for “Liqun Convertible Bond” is RMB 110 per bond (tax included).

2. Trading Suspension Date

According to the “Shanghai Stock Exchange Stock Listing Rules,” “Liqun Convertible Bond” will cease trading starting March 27, 2026. The last trading day will be March 26, 2026.

After trading suspension and before the end of the conversion period (March 27 to March 31, 2026), holders may still convert bonds into company stock under the terms specified in the “Offering Memorandum.” The current conversion price is RMB 4.84 per share. Investors should be aware of the risks associated with conversion.

3. Bond Registration Date (Maturity Date)

The maturity and redemption registration date for “Liqun Convertible Bond” is March 31, 2026. The redemption applies to all holders registered with China Securities Depository and Clearing Corporation Limited Shanghai Branch (“CSD Shanghai”) as of the close of trading on March 31, 2026.

4. Principal and Interest Payment Amount and Payment Date

The redemption amount for “Liqun Convertible Bond” is RMB 110 per bond (tax included). The payment date is April 1, 2026.

5. Redemption Method

The principal and interest of “Liqun Convertible Bond” will be transferred into the bondholders’ accounts by CSD Shanghai through the custodian broker.

6. Delisting Date

Starting March 27, 2026, “Liqun Convertible Bond” will cease trading. The bonds will be delisted from the Shanghai Stock Exchange on April 1, 2026.

7. Taxation on Bond Interest for Investors

8. According to the “Individual Income Tax Law of the People’s Republic of China” and other relevant tax regulations, individual investors (including securities investment funds) holding the bonds are required to pay taxes. As per the “Offering Memorandum,” all unconverted bonds will be redeemed at 110% of face value (including the final interest). The tax on individual income will be withheld and paid by the redemption agencies at a rate of 20%. The actual payout per bond with a face value of RMB 100 will be RMB 108 (after tax). The final withholding policy is subject to the tax authorities’ opinions in each jurisdiction. If the agencies fail to withhold taxes, they bear legal responsibility. Taxpayers with applicable tax relief policies can apply for refunds within the tax declaration period according to relevant laws.

9. For resident enterprises holding the bonds, the interest income tax is self-paid, i.e., RMB 110 (including tax) per bond with a face value of RMB 100.

10. For qualified offshore institutional investors (“QFII,” “RQFII”) and other non-resident enterprises holding the bonds, according to the “Announcement on Continuing to Implement the Tax Policies for Offshore Institutional Investment in Domestic Bonds” (Ministry of Finance and State Taxation Administration Announcement [2026] No. 5), from January 1, 2026, to December 31, 2027, interest income from bonds obtained by offshore institutions investing in the domestic bond market is temporarily exempt from corporate income tax and value-added tax. The actual payout per bond with a face value of RMB 100 will be RMB 110 (tax included). This exemption does not apply to offshore institutions’ branches or offices established within China that have actual contact with the bonds.

11. Other bondholders should comply with relevant tax laws and regulations.

12. Other Matters

Contact Department: Company Securities Department

Inquiry Phone: 0532-58668898

This announcement is hereby issued.

Liqun Commercial Group Co., Ltd. Board of Directors

March 24, 2026