Huayou convertible bonds face final redemption, delisting

Zhejiang Huayou Cobalt Co., Ltd. has issued a final reminder regarding the early redemption and delisting of its "Huayou Convertible Bonds." The last trading day for these bonds was September 23, 2025, with trading ceasing on September 24, 2025. Bondholders are urged to convert their bonds by the final conversion date of September 26, 2025.

The redemption registration date is set for September 26, 2025, and the redemption price is RMB 100.8918 per bond. The redemption funds will be disbursed on September 29, 2025. Following the redemption, "Huayou Convertible Bonds" will be delisted from the Shanghai Stock Exchange starting September 29, 2025. Investors who do not convert their bonds will be subject to mandatory redemption at RMB 100.8918 per bond, which may result in significant investment losses due to potential market price discrepancies.

The decision for early redemption was triggered after the company's stock price met the conditions of being at least 130% of the current conversion price of RMB 34.43 per share (RMB 44.759 per share) for 15 trading days between July 25, 2025, and August 29, 2025. Bondholders are advised to address any pledged or frozen bonds before the conversion deadline to avoid forced redemption.