Zhongjin Lingnan to redeem convertible bonds early

Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd. has announced the early redemption of its "Zhongjin Convertible Bonds." The company will redeem all outstanding convertible bonds at a price of CNY 100.70 per bond, including accrued interest. This redemption follows the satisfaction of a conditional redemption clause, triggered by the company's stock closing price exceeding 130% of the current conversion price (CNY 4.29 per share) for at least 15 trading days between September 30, 2025, and October 30, 2025.

The redemption registration date is November 25, 2025, with the actual redemption occurring on November 26, 2025. Trading of the convertible bonds will cease on November 21, 2025, and conversion to shares will stop on November 26, 2025. Following the redemption, the "Zhongjin Convertible Bonds" will be delisted from the Shenzhen Stock Exchange. Redemption funds are expected to reach the company's account by December 1, 2025, and investors' accounts by December 3, 2025.

The company strongly advises bondholders to convert their bonds into shares before the redemption deadline to avoid potential losses, as the current secondary market price of the convertible bonds is significantly higher than the redemption price. Bondholders whose convertible bonds are pledged or frozen are recommended to unpledge or unfreeze them before the trading halt to facilitate conversion.