Yunnan Energy announces mandatory redemption for Enjie convertible bonds

Yunnan Energy New Material has announced the early redemption of its "Enjie convertible bonds," with the last day for bond-to-share conversion set for October 30, 2025. Unconverted bonds will cease to be convertible after this date and will be mandatorily redeemed at 101.44 yuan per bond, including accrued interest. The company reminds bondholders that after redemption, the "Enjie convertible bonds" will be delisted from the Shenzhen Stock Exchange.

The decision to exercise early redemption rights was made by the company's board on October 9, 2025, after the bond's conversion conditions were met. The redemption price of 101.44 yuan per bond is calculated based on the bond's face value plus 1.44 yuan in accrued interest, reflecting a 2.00% annual interest rate over 262 days from the last interest payment date.

The final trading day for "Enjie convertible bonds" is October 28, 2025, and conversion will cease on October 31, 2025. Redemption proceeds are expected to be transferred to investors' accounts by November 7, 2025. Investors are cautioned that the redemption price may differ significantly from market prices before the trading and conversion halt, and failure to convert in time may result in losses.