Huayou Cobalt to redeem, delist convertible bonds

Zhejiang Huayou Cobalt announced the redemption and delisting of its "Huayou Convertible Bonds," effective September 29, 2025. This follows the company's decision to exercise its early redemption option, triggered by its stock price exceeding 130% of the conversion price for 15 trading days between July 25 and August 29, 2025. The redemption price is set at 100.8918 yuan per bond, including accrued interest, contrasting with the bond's September 5, 2025 market price of 147.336 yuan per bond. Investors are advised to convert or sell their bonds by the last trading day on September 23, 2025, or the last conversion day on September 26, 2025, to avoid potential losses.

In related financial activities, Huayou Cobalt also provided updates on its external guarantees and the issuance of ultra-short-term financing bonds. As of August 31, 2025, the company's total outstanding external guarantees amounted to 8,493,707.52 yuan, primarily for its controlled subsidiaries. Furthermore, the company successfully issued its seventh tranche of 2025 ultra-short-term financing bonds (25 Huayou Cobalt SCP007) for 700 million yuan, with a 270-day term and an interest rate of 2.41%, with proceeds earmarked for repaying interest-bearing debt.