Naipu Mining to redeem convertible bonds early

Jiangxi Naipu Mining Machinery And New Materials (SZSE:300818) announced it will redeem its "Naipu Convertible Bonds" early, triggering the redemption date of March 4, 2025. The redemption price is set at 100.621 yuan per bond (including tax). The last trading day for the bonds is February 27, 2025, and the last day for conversion is March 4, 2025. The company's stock price has triggered the conditional redemption clause, having traded above 130% of the current conversion price (17.24 yuan/share) for at least 15 of the past 30 trading days, closing on February 10th, 2025. Bondholders who have not converted their bonds by March 3, 2025, will have them forcibly redeemed. The company reminds investors to be aware of the risks associated with investors who cannot convert their bonds due to not opening an account for trading stocks on the ChiNext.