Yuguang convertible bonds face delisting, mandatory redemption

Henan Yuguang Gold & Lead Group has issued a sixth reminder regarding the mandatory redemption and delisting of its "Yuguang convertible bonds." The redemption registration date is set for December 18, 2025, with proceeds distributed on December 19, 2025. Trading of the bonds ceased on December 16, 2025.

The redemption price is CNY 100.1060 per bond, calculated from the face value of CNY 100 plus accrued interest. Individual investors will be subject to a 20% income tax on the interest, resulting in a net redemption amount of CNY 100.0848 per bond after tax. The final date for bond conversion is December 18, 2025.

Bondholders who do not convert their bonds into shares by the deadline will be subject to mandatory redemption at CNY 100.1060 per bond. Given the bond's last trading price of CNY 181.919 per bond on December 15, 2025, this represents a significant difference from the redemption price. "Yuguang convertible bonds" will be delisted from the Shanghai Stock Exchange on December 19, 2025.