Yunnan Energy New Material to forcibly redeem Enjie convertible bonds

Yunnan Energy New Material Co., Ltd. will proceed with the early redemption of its "Enjie convertible bonds." The redemption price is set at CNY 101.44 per bond, including accrued interest. Bondholders are urged to convert their bonds before the redemption, as the company will not withhold taxes on interest income.

The last trading day for Enjie Convertible Bonds is October 28, 2025, and the redemption registration date is October 30, 2025. The bonds will cease to be convertible on October 31, 2025, which is also the redemption date. Funds from the redemption are expected to be received by bondholders' accounts by November 7, 2025.

Investors are advised that the redemption price may significantly differ from market prices before the halt in trading and conversion. Holders of pledged or frozen bonds should resolve these issues before the conversion deadline to avoid forced redemption and potential losses. After the redemption, the "Enjie convertible bonds" will be delisted from the Shenzhen Stock Exchange.