Huayou Cobalt convertible bonds nearing final trading and conversion

Zhejiang Huayou Cobalt's convertible bonds, "Huayou Convertible Bonds," will cease trading on September 24, 2025. The last day for conversion is September 26, 2025, after which the bonds will be delisted from the Shanghai Stock Exchange on September 29, 2025. Holders have only three trading days left, until September 26, 2025, to convert their bonds.

The company is exercising its right for early redemption, with a redemption price of 100.8918 yuan per bond. This price includes the face value of 100 yuan and accrued interest of 0.8918 yuan. Investors who do not convert their bonds by the deadline will have them forcibly redeemed at this price, which could result in significant investment losses if the market price exceeds the redemption value.

The early redemption condition was met as the company's stock price traded above 130% of the current conversion price of 34.43 yuan per share (i.e., 44.759 yuan per share) for at least 15 trading days between July 25, 2025, and August 29, 2025. The redemption amount will be distributed on September 29, 2025.