Red Avenue New Materials issues final call for bond conversion

Red Avenue New Materials Group has issued its seventh and final cautionary announcement regarding the redemption and delisting of its "Tongcheng Convertible Bonds" (113621). The redemption registration date is November 13, 2025, with the redemption price set at 101.44 yuan per bond. The last day for trading the convertible bonds was November 10, 2025, and trading has now ceased.

The final conversion deadline for "Tongcheng Convertible Bonds" is November 13, 2025. Investors who do not convert their bonds by this date will be subject to a mandatory redemption at 101.44 yuan per bond. This redemption price is significantly lower than the last closing price of 125.708 yuan per bond on November 10, 2025, potentially leading to substantial investment losses for unconverted bonds.

Following the redemption, the "Tongcheng Convertible Bonds" will be delisted from the Shanghai Stock Exchange starting November 14, 2025. The company advises all holders, especially those with pledged or frozen bonds, to ensure conversion before the deadline to avoid forced redemption. For inquiries, investors can contact the company's board secretary office at 021-62109966.