Enjie convertible bonds near redemption trigger for Yunnan Energy New Material

Yunnan Energy New Material Co., Ltd. announced its stock price closed above 130% of the current "Enjie Convertible Bonds" conversion price (CNY 32.01 per share), reaching CNY 41.61 per share, for ten trading days between September 10 and September 24, 2025. This development indicates the convertible bonds are nearing a conditional redemption trigger.

If the company's A-share stock price continues to close at or above 130% of the current conversion price for at least fifteen trading days within any consecutive thirty trading days during the conversion period, the board of directors will decide whether to redeem all or part of the unconverted "Enjie Convertible Bonds" at face value plus accrued interest. Investors are advised to monitor subsequent announcements for further details on this potential redemption.