Huayou Cobalt issues final notice on convertible bond redemption, delisting

Zhejiang Huayou Cobalt has issued its ninth indicative announcement regarding the redemption and delisting of its "Huayou Convertible Bonds." The final trading day for the convertible bonds is September 23, 2025, with only three trading days remaining as of September 18, 2025. The last day for conversion into shares is September 26, 2025, leaving six remaining days for conversion.

The redemption registration date is September 26, 2025, and the redemption price is CNY 100.8918 per bond, which includes a principal of CNY 100 and accrued interest of CNY 0.8918. Redemption funds will be distributed on September 29, 2025. Following the redemption, "Huayou Convertible Bonds" will be delisted from the Shanghai Stock Exchange on September 29, 2025.

Investors who do not convert their bonds into shares at the conversion price of CNY 34.43 per share or sell them in the secondary market face mandatory redemption at CNY 100.8918 per bond. Given the current market price disparity, failure to act within the specified deadlines could lead to significant investment losses. The company urges bondholders to convert or sell their holdings within the remaining timeframe.