According to CoinMeta, Xinru Dairy announced that the 'Xinru Convertible Bonds' will cease trading on December 15, 2026, with a redemption price of 110 yuan per bond (including tax and the last period's interest). The maturity date and redemption registration date are December 17, 2026, and the last trading day is December 14, 2026. After trading stops, holders can still convert their bonds into shares under the agreed conditions, with the current conversion price being 17.5 yuan per share. The convertible bonds that are not converted will be compulsorily redeemed upon maturity and will be delisted from the Shenzhen Stock Exchange.