Tongling Nonferrous to redeem convertible bonds early

Tongling Nonferrous Metals Group Co., Ltd. has announced the early redemption of its "Tongling Fixed-Income Product 02" convertible bonds. The redemption price is set at CNY 100.063 per bond, including accrued interest. Investors are advised that bonds not converted by the redemption registration date of October 10, 2025, will be subject to mandatory redemption.

The decision to redeem early was made after the company's stock price met the conditional redemption clause. Its closing prices were at least 130% of the current conversion price (CNY 3.20/share) for fifteen trading days between August 13 and September 4, 2025. The company's board approved the early redemption on September 4, 2025.

Key dates for investors include the cessation of trading on September 30, 2025, and the cessation of conversion on October 13, 2025. The redemption date is October 13, 2025, with redemption funds expected to reach investor accounts by October 20, 2025. Investors are cautioned about potential market price discrepancies and the risk of loss if they fail to convert their bonds by the deadline.