Yunnan Energy New Material announces early convertible bond redemption, boosts subsidiary guarantees

Yunnan Energy New Material has announced the early redemption of its "Enjie convertible bonds" (128095) at RMB 101.44 per bond, including accrued interest. Trading for the bonds will cease on October 28, 2025, with the redemption registration date set for October 30, 2025, and the redemption date on October 31, 2025. This decision follows the triggering of a conditional redemption clause, as the company’s stock price met the 130% threshold of the current conversion price of RMB 32.01 per share for at least 15 trading days within 30 consecutive trading days. The company advises bondholders to convert their bonds before the deadline to avoid potential losses.

In a related development, the company provided guarantees for its subsidiaries. It signed a "Maximum Guarantee Contract" with CIB Shanghai Branch, providing a joint liability guarantee for Shanghai Enjie New Material Technology Co., Ltd.'s comprehensive credit line of RMB 100,000,000. Additionally, it provided a joint liability guarantee for Hongchuang Packaging (Anhui) Co., Ltd.'s comprehensive credit line of RMB 29,000,000 from Postal Savings Bank of China Ma'anshan Branch.

As of the disclosure date, the total approved guarantee amount for Yunnan Energy New Material and its subsidiaries is RMB 6,000,000,000, representing 245.19% of the company’s latest audited net assets attributable to shareholders. The actual effective guarantee amount signed is RMB 39,337,469,800, which is 160.75% of the same metric.