Yuguang convertible bonds face mandatory redemption and delisting

Henan Yuguang Gold & Lead Co. has issued a third cautionary announcement regarding the mandatory redemption and delisting of its "Yuguang convertible bonds." The last trading day for the convertible bonds is December 15, 2025, and the final conversion day is December 18, 2025. Following the redemption, the bonds will be delisted from the Shanghai Stock Exchange on December 19, 2025.

The redemption price is 100.1060 yuan per bond, which includes the face value of 100 yuan plus accrued interest. The current market price of the convertible bonds as of December 11, 2025, was 180.500 yuan per bond, indicating a substantial difference that could lead to significant losses for investors who do not convert or sell their bonds by the deadlines.

Shareholders whose convertible bonds are pledged or frozen are advised to release them before the trading halt to avoid forced redemption. After the redemption registration date of December 18, 2025, any unconverted bonds will be frozen and mandatorily redeemed at the specified price.