Yunnan Energy New Material's Enjie convertible bonds face mandatory early redemption

Yunnan Energy New Material Co., Ltd. has announced the early redemption of its "Enjie convertible bonds" (bond code: 128095), following the satisfaction of redemption conditions on October 9, 2025. The redemption price is set at CNY 101.44 per bond, inclusive of accrued interest.

Investors are advised that bonds not converted to shares by the close of trading on October 30, 2025, will be subject to mandatory redemption. The bonds will cease trading on October 28, 2025, and stop converting on October 31, 2025.

The company's stock price met the redemption criteria, closing at or above 130% of the current conversion price (CNY 32.01 per share), equivalent to CNY 41.61 per share, for at least 15 trading days between September 10, 2025, and October 9, 2025. Following the redemption, "Enjie convertible bonds" will be delisted from the Shenzhen Stock Exchange.

Investors holding "Enjie convertible bonds" that are pledged or frozen are recommended to unfreeze them before the conversion deadline to avoid the inability to convert and subsequent mandatory redemption. The company also warned of potential losses for investors who fail to convert their bonds in time, as the redemption price may differ significantly from market prices before the trading and conversion halts. Funds for the redemption are expected to reach investor accounts by November 7, 2025.