Shenzhen Zhongjin Lingnan convertible bond nears redemption threshold

Shenzhen Zhongjin Lingnan Nonfemet's CICC convertible bond is nearing its conditional redemption trigger. As of October 21, 2025, the company's stock price has closed above 130% of the current conversion price (4.29 yuan per share), specifically 5.58 yuan per share, for 10 of the most recent 10 trading days.

Should the company's stock price close at or above 5.58 yuan per share for an additional 5 trading days within the next 20 trading days, the redemption clause will be activated. This would grant the company the right to redeem all or part of the outstanding CICC convertible bond at its face value plus accrued interest.

The company will convene a board meeting to decide on the redemption upon the trigger and will fulfill its information disclosure obligations. Investors are advised to understand the convertible bond rules and monitor future announcements due to inherent investment risks. The initial conversion price for the bond was 4.71 yuan per share and has been adjusted several times due to equity distributions, reaching 4.29 yuan per share as of June 26, 2025.