Yunnan Energy New Material announces early redemption of convertible bonds

Yunnan Energy New Material has announced the early redemption of its "Enjie convertible bonds" (SZSE:128095) at a price of CNY 101.44 per bond. This redemption was triggered because the company's stock price met the callable threshold of 130% of the current conversion price (CNY 32.01 per share) for at least 15 trading days within a 30-trading-day period ending October 9, 2025.

Bondholders have until October 30, 2025, to convert their bonds. Trading will cease on October 28, 2025, and conversion will halt on October 31, 2025. Unconverted bonds will be compulsorily redeemed at the stated price. Investors are advised to convert their bonds promptly to avoid potential losses, as the current market price (CNY 154.405 per bond) significantly exceeds the redemption price. Following the redemption, "Enjie convertible bonds" will be delisted from the Shenzhen Stock Exchange.

In a related move, the company's subsidiary, Zhuhai Enjie New Material Technology, is selling idle production and R&D equipment to related party Zhuhai Chenyu New Material Technology for at least CNY 4.52 million. This transaction aims to optimize asset utilization and is not expected to materially affect the company's financial standing.