Enjie convertible bonds fully redeemed, delisting for Yunnan Energy New Material

Yunnan Energy New Material announced the full redemption of its "Enjie Convertible Bonds" (bond code: 128095), with 24,163 unconverted bonds redeemed at 101.44 yuan per bond, including accrued interest. The total redemption payment amounted to 2,451,094.72 yuan. This action follows the triggering of a conditional redemption clause, as the company's stock price met the 130% threshold of the current conversion price (32.01 yuan/share) for 15 trading days between September 10, 2025, and October 9, 2025.

The last trading day for the convertible bonds was October 27, 2025, and the last conversion day was October 30, 2025. Following the full redemption, the "Enjie Convertible Bonds" will be officially delisted from the Shenzhen Stock Exchange on November 10, 2025. The company's total share capital has increased by 31,705,156 shares due to cumulative conversions, which is expected to dilute earnings per share in the short term.

The conversion price of the "Enjie Convertible Bonds" has undergone multiple adjustments since its initial price of 64.61 yuan/share. The most recent adjustment saw it lowered to 32.00 yuan/share on February 11, 2025, and subsequently adjusted to 32.01 yuan/share on March 24, 2025.