Tongling Nonferrous Metals announces early redemption of convertible bonds

Tongling Nonferrous Metals Group Co., Ltd. has announced the early redemption of its "Tongling Ding 02" convertible bonds (bond code: 124024). The company's board approved the redemption on September 4, 2025, after the bonds met the conditional redemption trigger.

The redemption price for "Tongling Ding 02" is CNY 100.063 per bond, which includes accrued interest. The annual interest rate for the current period is 1.1%, and the redemption price is inclusive of tax, with the final price subject to approval by China Securities Depository and Clearing Corporation Limited Shenzhen Branch.

The redemption registration date is October 10, 2025, with the redemption date set for October 13, 2025. Trading of "Tongling Ding 02" will cease on September 30, 2025, and the conversion period will end on October 13, 2025. All "Tongling Ding 02" bonds not converted into shares by the close of market on October 10, 2025, will be subject to mandatory redemption. Following the redemption, "Tongling Ding 02" will be delisted from the Shenzhen Stock Exchange.

Investors are strongly advised to convert their bonds into shares before the October 13, 2025, deadline, as the redemption price may differ significantly from market prices prior to the cessation of trading and conversion. Failure to convert in time may result in financial losses. The company reminds bondholders to ensure any pledged or frozen bonds are released before the conversion deadline to avoid forced redemption.