Tongling Nonferrous to redeem convertible bonds early

Tongling Nonferrous Metals Group Co., Ltd. has announced the early redemption of its "Tongling Ding 02" convertible bonds. The redemption price is set at yuan 100.063 per bond, including accrued interest.

The bonds will cease trading on September 30, 2025, and stop converting to shares on October 13, 2025. All bonds not converted by the redemption registration date of October 10, 2025, will be subject to mandatory redemption.

The company's stock met the redemption conditions, with its closing price being at least 130% of the current conversion price of yuan 3.20 per share for fifteen trading days between August 13, 2025, and September 4, 2025. The board of directors approved the early redemption on September 4, 2025.

Funds for the redemption are expected to reach the issuer's account by October 16, 2025, with investor accounts credited by October 20, 2025. Investors are advised that the redemption price may differ significantly from market prices and are encouraged to convert their bonds to shares by the deadline to avoid potential losses.