Zijin Mining adjusts convertible bond conversion price

Zijin Mining Group (HKEX:2899) has adjusted the conversion price of its US$2,000,000,000 1.0 per cent. guaranteed convertible bonds due 2029, effective May 30, 2025. The adjustment, from HK$19.84 to HK$19.38 per H Share, follows the company's interim dividend distribution for the six months ended June 30, 2024, and the final dividend for the year ended December 31, 2024. Upon full conversion at the adjusted price, the number of H Shares convertible and issuable under the Bonds will increase to approximately 805,995,872, representing 13.46% of the existing issued H Shares. The company advises investors and shareholders to exercise caution when dealing in its securities.