Red Avenue New Materials to redeem convertible bonds, urges timely action

Red Avenue New Materials Group announced a fourth reminder for the redemption and delisting of its convertible bonds (SSE:113621). The redemption registration date is November 13, 2025, with proceeds distributed on November 14, 2025. The final trading day for the bonds will be November 10, 2025, and the last day for conversion into shares is November 13, 2025.

The redemption price is RMB 101.44 per bond, including a principal of RMB 100 and accrued interest of RMB 1.44. This follows the trigger of a conditional redemption clause, as the company's stock price met the specified threshold for 15 trading days between September 24, 2025, and October 22, 2025. Investors are strongly advised to convert their bonds into shares or sell them before the deadline.

The company highlights a significant difference between the current secondary market price of RMB 127.392 per bond (as of November 6, 2025) and the redemption price. Failure to convert or sell in time could result in substantial investment losses. After the redemption, the bonds will be delisted from the Shanghai Stock Exchange on November 14, 2025.