Huayou Cobalt announces final convertible bond redemption and delisting

Zhejiang Huayou Cobalt Co., Ltd. has issued a second announcement regarding the redemption and delisting of its "Huayou Convertible Bonds" (stock code: 113641). The redemption registration date is September 26, 2025, with redemption funds to be disbursed on September 29, 2025. The final trading day for the convertible bonds is September 23, 2025, and the final conversion day is September 26, 2025.

The redemption price is CNY 100.8918 per bond, including the bond’s face value of CNY 100 and accrued interest of CNY 0.8918 per bond. The company's stock price triggered the conditional redemption clause by exceeding 130% of the current conversion price (CNY 34.43 per share, or CNY 44.759 per share) for 15 trading days between July 25 and August 29, 2025.

Investors who do not convert their bonds into shares or sell them on the secondary market by the respective deadlines will have their bonds compulsorily redeemed at CNY 100.8918 per bond. This could lead to significant investment losses. The bonds will be delisted from the Shanghai Stock Exchange on September 29, 2025.