Yunnan Energy announces mandatory early redemption of Enjie convertible bonds

Yunnan Energy New Material Co., Ltd. announced the mandatory early redemption of its "Enjie convertible bonds" (bond code: 128095) at a price of CNY 101.44 per bond, including accrued interest. The decision follows the fulfillment of redemption conditions, with the company's stock price meeting the threshold of 130% of the current conversion price (CNY 32.01 per share) for at least fifteen trading days between September 10, 2025, and October 9, 2025. The company's board approved the early redemption on October 9, 2025.

The key dates for bondholders are fast approaching: Enjie convertible bonds will cease trading on October 28, 2025, and the redemption registration date is October 30, 2025. The last day for conversion into shares is October 31, 2025, after which unconverted bonds will be forcibly redeemed. Bondholders are strongly advised to convert their bonds by the deadline to avoid potential losses, as the redemption price may differ significantly from market prices before the halt in trading and conversion.

The company emphasizes that bondholders with pledged or frozen bonds should resolve these issues before the conversion deadline to ensure eligibility for conversion. Following the redemption, Enjie convertible bonds will be delisted from the Shenzhen Stock Exchange. Funds for the redemption are expected to reach the company's account by November 5, 2025, with investor payouts scheduled for November 7, 2025.