Tongling Nonferrous convertible bonds face mandatory redemption deadline

Tongling Nonferrous Metals Group announced that its "Tongling Ding 02" convertible bonds will cease share conversion after the close of trading on October 10, 2025, with any remaining unconverted bonds subject to mandatory redemption. The redemption price is set at CNY 100.063 per bond, which includes accrued interest. The company advises bondholders to convert their bonds by the deadline to avoid potential losses associated with forced redemption.

The decision to exercise early redemption was made on September 4, 2025, after the company's stock price met callable redemption conditions for fifteen trading days between August 13 and September 4, 2025. The current conversion price for "Tongling Ding 02" is CNY 3.20 per share.

The bonds will stop trading on September 30, 2025, and cease conversion on October 13, 2025. Redemption funds are expected to reach investors' accounts by October 20, 2025. Unconverted bonds will be delisted from the Shenzhen Stock Exchange following the redemption. Bondholders are urged to address any pledged or frozen bonds before the conversion deadline.