Yuguang gold & lead finishes convertible bond redemption

Henan Yuguang Gold & Lead Co., Ltd. completed the redemption of its convertible bonds, with a redemption registration date of December 18, 2025, and payment date of December 19, 2025. A total of RMB 1,816,000 (18,160 bonds) remained to be redeemed, representing 0.26% of the total issuance. The redemption price was RMB 100.1060 per bond, totaling RMB 1,817,924.96. The bonds were delisted on December 19, 2025.

The bonds began converting to shares on February 16, 2025. As of December 18, 2025, RMB 708,184,000 worth of bonds had been converted into 119,020,064 shares of the company's A-share common stock, increasing the total share capital to 1,209,262,698 shares. This conversion represents 10.92% of the company's total shares outstanding before the conversion. The redemption amount is considered small and will not significantly impact the company's cash flow, but it will slightly dilute earnings per share in the short term.

Following the conversion, the shareholding of Henan Yuguang Group Co., Ltd. was passively diluted from 26.76% to 26.69%, while Jiyuan Investment Group Co., Ltd.'s stake decreased from 6.23% to 6.21%. Trading and conversion of the bonds ceased after December 15, 2025, with all remaining unconverted bonds frozen after December 18, 2025.