Red Avenue reminds investors of convertible bond redemption, delisting deadline

Red Avenue New Materials Group has issued a final reminder regarding the redemption and delisting of its "Tongcheng Convertible Bonds." The last day for trading was November 10, 2025, and the final day for conversion is November 13, 2025. Holders must convert by this date, or their bonds will be forcibly redeemed at a price of CNY 101.44 per bond.

The redemption price includes the bond face value of CNY 100 and accrued interest of CNY 1.44 per bond. This price is significantly lower than the last trading price of CNY 125.708 per bond on November 10, 2025, posing a substantial investment loss risk for those who do not convert in time. The redemption payment date is November 14, 2025, after which the bonds will be delisted from the Shanghai Stock Exchange.

The company's stock price triggered the conditional redemption clause by trading above 130% of the current conversion price (CNY 40.443 per share) for 15 out of 30 trading days between September 24 and October 22, 2025. Investors are strongly advised to resolve any pledges or freezes on their bonds to ensure timely conversion.