Yunnan Energy New Material announces early convertible bond redemption

Yunnan Energy New Material Co., Ltd. announced the early redemption of its "ENJIE Convertible Bonds" following a board resolution on October 9, 2025. The redemption price is set at 101.44 yuan per bond, including accrued interest. The convertible bonds will cease trading on October 28, 2025, and stop converting to shares on October 31, 2025, with full redemption of all outstanding bonds on October 31, 2025. Investors are cautioned about potential losses if they do not convert their bonds before the deadline, given the current market price of 154.405 yuan per bond as of October 9, 2025.

The early redemption was triggered because the company's stock price met the specified condition, with at least fifteen trading days within a thirty-trading-day period (September 10 to October 9, 2025) closing at or above 130% of the current conversion price (32.01 yuan per share). The board also approved adjustments to the company's board committees, with Ms. Kang Wenting appointed to the Strategic Committee and Nomination Committee.

Additionally, the company reported its third-quarter 2025 convertible bond conversion and shareholding changes, noting a decrease in convertible bond value by 232,400 yuan and an increase in shares by 7,245 due to conversions between July 1 and September 30, 2025. The total approved external guarantee amount by the company and its subsidiaries stands at 6,000,000.00 yuan, representing 245.19% of the latest audited net assets attributable to listed company shareholders.