Yuguang Gold & Lead announces early convertible bond redemption

Henan Yuguang Gold & Lead Company Limited has announced the early redemption of its "Yuguang convertible bonds," effective November 14, 2025. This decision follows the triggering of conditional redemption clauses, as the company's stock price closed at or above RMB 7.74 per share for fifteen trading days between October 27, 2025, and November 14, 2025. This price represents 130% of the current conversion price of RMB 5.95 per share.

The board of directors approved the early redemption to reduce financial costs, lower the asset-liability ratio, and optimize the company's overall asset structure. Investors holding "Yuguang convertible bonds" have a limited window to either continue trading in the secondary market or convert their bonds at a price of RMB 5.95 per share.

Those who do not convert or sell their bonds will be subject to mandatory redemption at the face value of RMB 100 per bond plus accrued interest, which may lead to significant investment losses. The company will issue further announcements detailing the redemption procedures, price, payment methods, and timelines.