Huayou Cobalt issues seventh reminder for convertible bond redemption

Zhejiang Huayou Cobalt Co., Ltd. announced a mandatory redemption of its "Huayou Convertible Bonds" (113641) at a price of 100.8918 yuan per bond, including accrued interest. The redemption registration date is September 26, 2025, with redemption funds to be distributed on September 29, 2025. The bonds will be delisted from the Shanghai Stock Exchange on September 29, 2025, following the completion of the early redemption.

Bondholders are strongly advised to convert their bonds into shares at 34.43 yuan per share or sell them in the secondary market by September 23, 2025, the last trading day. The last day for conversion is September 26, 2025. Failure to convert or sell by these dates will result in mandatory redemption at the announced price, potentially leading to significant investment losses due to the current market price disparity.

The company's stock price triggered the conditional redemption clause by closing above 130% of the conversion price (44.759 yuan per share) for at least 15 trading days between July 25 and August 29, 2025. Investors are cautioned about risks, including potential inability to convert pledged or frozen bonds, and the disparity between the secondary market price and the redemption price.