Tongling Nonferrous to redeem convertible bonds early

Tongling Nonferrous Metals Group Co., Ltd. has initiated 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 satisfaction of redemption conditions, as the company's stock price met the threshold of 130% of the current conversion price (CNY 3.20/share) for at least fifteen trading days between August 13, 2025, and September 4, 2025.

The redemption registration date is October 10, 2025, with the redemption date on October 13, 2025. Trading of "Tongling Ding 02" will cease on September 30, 2025, and conversion rights will be suspended on October 13, 2025. All outstanding bonds not converted by the redemption registration date will be subject to mandatory redemption.

Upon completion, "Tongling Ding 02" will be delisted from the Shenzhen Stock Exchange. The company advises bondholders to be aware of potential differences between the redemption price and market price, urging timely conversion to avoid losses.