Tongling Nonferrous to redeem convertible bonds early

Tongling Nonferrous Metals Group Co., Ltd. (Tongling Nonferrous) announced its decision to early redeem all outstanding "Tongling fixed-income 02" convertible bonds. The redemption price is set at CNY 100.063 per bond, including accrued interest. This decision follows the bond's satisfaction of the conditional redemption clause, triggered by the company's stock price exceeding 130% of the current conversion price (CNY 3.20/share) for at least fifteen trading days between August 13, 2025, and September 4, 2025.

Key dates for bondholders include a stop trading date of September 30, 2025, a redemption registration date of October 10, 2025, and a stop conversion date of October 13, 2025. The redemption date is also October 13, 2025, with funds expected to be disbursed to bondholders by October 20, 2025. Unconverted bonds by the redemption registration date will be compulsorily redeemed.

Investors are strongly advised to convert their "Tongling fixed-income 02" bonds into company shares before the stop conversion date of October 13, 2025, to avoid potential losses, as the redemption price may differ significantly from market prices. Bonds not converted by the deadline will be delisted from the Shenzhen Stock Exchange.