Tongling Nonferrous to early redeem convertible bonds

Tongling Nonferrous Metals Group Co., Ltd. announced its decision to early redeem its "Tongling Ding 02" convertible bonds. The redemption price is set at CNY 100.063 per bond, including accrued interest. The redemption condition was met on September 4, 2025, with the company's stock price meeting the 130% threshold of the current conversion price (CNY 3.20 per share) for at least fifteen trading days within a thirty-day period.

Key dates for bondholders include the stop transfer date of September 30, 2025, and the redemption registration date of October 10, 2025. The stop conversion date is October 13, 2025, which is also the redemption date. Bondholders' funds are expected to be received by October 20, 2025. After the redemption, "Tongling Ding 02" will be delisted from the Shenzhen Stock Exchange.

The company strongly advises bondholders to consider converting their bonds into shares before the stop conversion date, noting that the redemption price might differ significantly from the market price. Investors are warned of potential losses if they fail to convert in time, especially those with pledged or frozen bonds, as these may be forcibly redeemed if not unpledged or unfrozen.