Tongling Nonferrous to redeem convertible bonds early

Tongling Nonferrous Metals Group Co. has announced the early redemption of its "Tongling Ding 02" convertible bonds. The last day for bond transfers is September 29, 2025, with trading ceasing after market close on that day. Bondholders have until October 10, 2025, to convert their bonds into shares. Unconverted bonds will be subject to mandatory redemption.

The redemption price is set at CNY 100.063 per bond, including accrued interest. This price applies to all bonds not converted by the redemption registration date of October 10, 2025. Funds for the redemption are scheduled to reach the issuer's account by October 16, 2025, with investor proceeds expected by October 20, 2025. Following the redemption, "Tongling Ding 02" will be delisted from the Shenzhen Stock Exchange.

The company advises bondholders, especially those with pledged or frozen bonds, to resolve these issues before the transfer cessation date to ensure a smooth conversion process. The "Tongling Ding 02" bonds triggered the conditional redemption clause after the company's stock price met the specified criteria for 15 trading days between August 13 and September 4, 2025, and had been issued for over 18 months by March 21, 2025.