Nanshan Aluminium’s controlling shareholder announces early bond redemption

Shandong Nanshan Aluminium Co., Ltd. has announced that its controlling shareholder, Nanshan Group Co., Ltd., will proceed with the early redemption of its privately offered exchangeable corporate bonds (First Tranche) (Series 1). This action follows a redemption clause being triggered, as the outstanding bond balance fell below 50,000,000 yuan.

The redemption will occur on December 8, 2025, with the final bond conversion date set for December 5, 2025. Bondholders will receive a principal of 1,000.00 yuan per bond, along with accrued interest of 9.493 yuan (tax inclusive). This is based on a 1.50% annual coupon rate for the period from April 21, 2025, to December 7, 2025.

Bonds will cease trading and conversions on December 5, 2025. Investors are advised to complete any desired conversions by the close of trading on this date, as all outstanding bonds will be subject to mandatory redemption thereafter. Individual investors will be subject to a 20% income tax on interest received, while certain non-resident enterprises may be exempt until December 31, 2025.