Tongling Nonferrous completes convertible bond redemption and delisting

Tongling Nonferrous Metals Group announced the successful redemption of its "Tongling Ding 02" convertible bonds. The bonds were fully converted into shares by the redemption registration date of October 10, 2025, resulting in 0 outstanding bonds for redemption and a redemption payment of CNY 0.00. The total number of shares converted from "Tongling Ding 02" reached 670,587,109, contributing to a total share capital of 13,409,471,510 shares.

The company will delist "Tongling Ding 02" from the Shenzhen Stock Exchange starting October 17, 2025. The bonds, with an initial issuance of 21,460,000 units at a face value of CNY 100 each, were triggered for conditional redemption on September 4, 2025. The redemption price was set at CNY 100.063 per bond, including accrued interest.

The conversion price of the bonds, initially CNY 3.38 per share, was adjusted to CNY 3.30 on June 7, 2024, and further to CNY 3.20 on June 23, 2025, due to equity distribution plans. The full conversion has increased the company's total share capital, with 616,551,109 new shares issued and 54,036,000 shares sourced from repurchased stock.