Yunnan Energy New Material to redeem convertible bonds, updates guarantee

Yunnan Energy New Material (SZSE:002812) has issued its fifth cautionary announcement regarding the early redemption of its convertible bonds. The company's board decided on October 9, 2025, to exercise its early redemption right, setting the redemption price at CNY 101.44 per bond, which includes accrued interest. The convertible bonds will cease trading on October 28, 2025, with the redemption registration date scheduled for October 30, 2025. Investors are strongly advised to convert their bonds into shares by the October 30 deadline to avoid potential losses from mandatory redemption, as the bonds will be delisted from the Shenzhen Stock Exchange thereafter.

The convertible bonds have undergone several conversion price adjustments since their issuance. The initial conversion price of CNY 64.61 per share was last adjusted to CNY 32.01 per share as of March 24, 2025, and remained unchanged after subsequent share repurchases as of August 2, 2025. The company confirmed its stock price met the redemption condition, trading at or above 130% of the current conversion price (CNY 41.61 per share) for at least 15 trading days between September 10, 2025, and October 9, 2025.

In a separate announcement, Yunnan Energy New Material disclosed a new guarantee arrangement. The company signed a maximum guarantee agreement with China Merchants Bank Kunming Branch for its subsidiary, Yuxi Enjie New Material Co., Ltd., covering a comprehensive credit line of CNY 3,000.00. This brings the total approved guarantee amount for the company and its subsidiaries to CNY 6,000,000.00, representing 245.19% of the company's latest audited net assets attributable to listed company shareholders.