Tongling Nonferrous to redeem convertible bonds early

Tongling Nonferrous Metals Group Co. has initiated the early redemption of its "Tongling Ding 02" convertible bonds (bond code: 124024). The last trading day for these bonds will be September 29, 2025, after which transfers will cease. The final conversion date is October 10, 2025, after which any unconverted bonds will be subject to mandatory redemption and will cease to be convertible.

The redemption price for "Tongling Ding 02" is yuan 100.063 per bond, which includes accrued interest for the current period at an annual interest rate of 1.1%. This redemption follows the activation of conditional redemption clauses after the company's stock price met the required threshold over a consecutive trading period. The company advises bondholders to carefully review the announcement and convert their bonds promptly to avoid potential losses.

The official redemption date is set for October 13, 2025, with funds expected to reach investor accounts by October 20, 2025. Following the redemption, "Tongling Ding 02" will be delisted from the Shenzhen Stock Exchange.