Huayou Cobalt to redeem, delist convertible bonds

Zhejiang Huayou Cobalt Co., Ltd. has triggered the conditional redemption clause for its "Huayou Convertible Bonds" (stock code: 113641). The redemption price is set at CNY 100.8918 per bond, including the par value of CNY 100 and accrued interest of CNY 0.8918 per bond. The redemption registration date is September 26, 2025, with redemption funds to be disbursed on September 29, 2025.

Bondholders are strongly advised to convert their bonds into shares or sell them on the secondary market before the final deadlines. The last trading day for "Huayou Convertible Bonds" is September 23, 2025, and the last share conversion day is September 26, 2025. After the redemption, the bonds will be delisted from the Shanghai Stock Exchange starting September 29, 2025.

Investors holding the bonds after the redemption registration date who have not converted or sold will be subject to mandatory redemption at CNY 100.8918 per bond. This could lead to significant investment losses given the current market price discrepancy. Individual investors will incur a 20% income tax on the interest portion, resulting in a net redemption amount of CNY 100.7134 per bond.