Tongling Nonferrous to redeem "Tongling Ding 02" convertible bonds

Tongling Nonferrous Metals Group Co., Ltd. has triggered the conditional redemption clause for its "Tongling Ding 02" convertible bonds and will proceed with an early redemption. The last day for bondholders to convert their bonds into shares is October 10, 2025. After this date, any unconverted bonds will be subject to mandatory redemption at a price of CNY 100.063 per bond, which includes accrued interest.

The redemption decision follows the company's stock price meeting the redemption conditions, specifically closing at or above 130% of the current conversion price (CNY 3.20 per share) for at least fifteen trading days between August 13, 2025, and September 4, 2025. The company's board approved the early redemption on September 4, 2025.

The bonds will cease trading on September 30, 2025, and stop converting on October 13, 2025. Funds for the redemption are expected to reach the issuer's account by October 16, 2025, with investor redemption payments arriving by October 20, 2025. Investors are advised to be aware of the potential market price difference between conversion and redemption, as failure to convert in time may result in losses.