Tongling Nonferrous announces early redemption of convertible bonds

Tongling Nonferrous Metals Group Co., Ltd. has issued its ninth cautionary announcement regarding the early redemption of its "Tongling Ding 02" convertible bonds. The company confirmed that the conditions for early redemption have been met. The stock price closed at or above 130% of the current conversion price (RMB 3.20/share) for at least fifteen trading days between August 13, 2025, and September 4, 2025.

The redemption price for "Tongling Ding 02" is set at RMB 100.063 per bond, which includes the bond's face value plus accrued interest at an annual rate of 1.1% for 21 days. The redemption registration date is October 10, 2025, with the redemption date on October 13, 2025. The last day for bond trading is September 30, 2025, and the last day for conversion into shares is October 13, 2025.

Investors are strongly advised to convert their "Tongling Ding 02" bonds into shares by the October 13, 2025, deadline. Any bonds not converted by the close of trading on October 10, 2025, will be subject to mandatory redemption. This redemption price may differ significantly from market prices, and failure to convert could result in financial losses. The company also advises addressing any pledged or frozen bonds before the conversion deadline.