Tongling Nonferrous to redeem convertible bonds early

Tongling Nonferrous Metals Group Co., Ltd. announced the early redemption of its "Tongling Ding 02" convertible bonds. The redemption price is set at CNY 100.063 per bond, including accrued interest. This decision follows the bond's redemption conditions being met on September 4, 2025, after the company's stock price consistently exceeded 130% of the conversion price (CNY 3.20 per share) for at least fifteen trading days between August 13 and September 4, 2025.

The last day for bondholders to convert their "Tongling Ding 02" bonds into shares is October 12, 2025. Trading of "Tongling Ding 02" will cease on September 30, 2025, with the redemption registration date on October 10, 2025. Funds for the redemption will be transferred to holders' accounts by October 20, 2025.

Bonds not converted by the close of business on October 10, 2025, will be compulsorily redeemed. Post-redemption, "Tongling Ding 02" will be delisted from the Shenzhen Stock Exchange. The company advises bondholders to convert their holdings in time to avoid potential losses from the mandatory redemption.