Yuguang convertible bonds face mandatory redemption and delisting

Henan Yuguang Gold & Lead Group Co., Ltd. has announced the mandatory redemption and delisting of its "Yuguang Convertible Bonds." The company's stock met redemption conditions, with closing prices exceeding 130% of the current conversion price of CNY 5.95 per share for fifteen trading days between October 27, 2025, and November 14, 2025. The final trading day is December 15, 2025, and the last conversion day is December 18, 2025.

The redemption price is set at CNY 100.1060 per bond, inclusive of accrued interest. This contrasts sharply with the secondary market price of CNY 181.317 per bond as of December 9, 2025, indicating potential significant investment losses for those who do not convert or sell their bonds in time. The redemption payment date is December 19, 2025, after which the bonds will be delisted from the Shanghai Stock Exchange.

Bondholders are strongly advised to convert their bonds into shares or sell them on the secondary market before the respective deadlines to avoid mandatory redemption at a lower price. Investors with pledged or frozen bonds should release them prior to the trading halt to ensure successful conversion.