TianShan Aluminum's controlling shareholder to redeem exchangeable bonds

TianShan Aluminum Group Co., Ltd. has announced that its controlling shareholder, Shihezi Jinlong Energy Industry Chain Co., Ltd., will fully redeem two tranches of exchangeable corporate bonds. The first tranche, "24 Jinlong EB01" (bond code: 117225.SZ), and the second tranche, "24 Jinlong EB02" (bond code: 117226.SZ), both issued in 2024 to professional investors, will be redeemed.

The redemption registration date for both tranches is November 17, 2025, with redemption funds expected to arrive by November 18, 2025. The redemption price for "24 Jinlong EB01" is RMB 100.4808 per bond, including accrued interest. For "24 Jinlong EB02," the redemption price is RMB 100.4466 per bond, also inclusive of accrued interest.

Both tranches will be delisted on November 18, 2025. The decision to redeem was made because the closing price of the underlying stock met the condition of being at least 130% of the current share conversion price for at least 10 trading days within 20 consecutive trading days.