| Issuer / Guarantor | Shenzhen Xunce Technology Co Ltd |
|---|---|
| Size | CNY 1360mn |
| Type | Convertible |
| Leads | Morgan Stanley, Goldman Sachs, Deutsche Bank, Guotai Haitong Securities |
| Maturity | 08 Jul 2027 (1 years) |
| Coupon | 0% (0%) |
| Premium | 0.05% (15%) |
| Calls | @ 100% from Aug 2026 (0.1 yrs); 120% trigger |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | c/t ratchet |
| CoCo | None |
| Announced | 02 Jul 2026 |