Yunnan Energy New Material: Enjie convertible bonds face mandatory early redemption

Yunnan Energy New Material Co., Ltd. has triggered the conditional redemption clause for its "Enjie convertible bonds" (bond code: 128095) and will proceed with an early redemption. The redemption price is set at 101.44 yuan per bond, including accrued interest at an annual rate of 2.00%. The redemption registration date is October 30, 2025, with the redemption date on October 31, 2025.

Trading of the "Enjie convertible bonds" will cease on October 28, 2025, and conversion to shares will stop on October 31, 2025. Investors who have not converted their bonds into shares by the close of business on October 30, 2025, will have their bonds mandatorily redeemed. The company's funds for redemption are expected to arrive by November 5, 2025, with investor redemption proceeds distributed by November 7, 2025.

Investors are cautioned that the redemption price may significantly differ from the market price before the cessation of trading and conversion. Holders whose bonds are pledged or frozen are advised to unencumber them before the conversion deadline to avoid forced redemption without conversion. After this redemption, the "Enjie convertible bonds" will be delisted from the Shenzhen Stock Exchange.