Huayou Cobalt issues final redemption notice for convertible bonds

Zhejiang Huayou Cobalt Co., Ltd. announced that its convertible bonds will be redeemed at 100.8918 yuan per bond, including accrued interest. The redemption registration date is September 26, 2025, with funds disbursed on September 29, 2025. Bondholders are reminded that September 23, 2025, is the last trading day for the "Huayou Convertible Bond," and September 26, 2025, is the final day for conversion into company shares.

The company previously triggered its conditional redemption clause as its stock price consistently met the threshold of 130% of the current conversion price of 34.43 yuan per share. Following redemption, the "Huayou Convertible Bond" will be delisted from the Shanghai Stock Exchange starting September 29, 2025.

Investors who do not convert their bonds into shares at 34.43 yuan per share or sell them in the secondary market by the deadline will be subject to mandatory redemption at 100.8918 yuan per bond. The company warns of significant investment losses for those who fail to act promptly, given the current market price disparity. Personal income tax on bond interest will be withheld at a rate of 20%, resulting in a net payout of 100.7134 yuan per bond for individual investors.