Tianshan Aluminum's controlling shareholder announces bond redemptions

Tianshan Aluminum Group recently announced that its controlling shareholder, Shihezi City Jinlong Energy Industry Chain Co., Ltd. (Jinlong Energy), will fully redeem its "2024 Non-public Issuance Exchangeable Corporate Bonds (First Tranche)" and "2024 Non-public Issuance Exchangeable Corporate Bonds (Second Tranche)." This decision follows the satisfaction of certain conditions during the bond’s share conversion period.

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 the first tranche is 100.4808 yuan per bond, and for the second tranche, it is 100.4466 yuan per bond, both inclusive of current period interest and tax. All bonds in both tranches will be redeemed and delisted on November 18, 2025.

In a related development, Jinlong Energy also announced the release of pledged shares totaling 80 million shares, representing 11.21% of its holdings and 1.72% of the company's total share capital. These shares were pledged to DBS Securities (China) Co., Ltd. and were released on November 11, 2025.