Zhongjin Lingnan convertible bonds face early redemption, trading halt

Shenzhen Zhongjin Lingnan Nonfemet is proceeding with the early redemption of its "Zhongjin Convertible Bonds," with the final trading day set for November 20, 2025, and the last day for conversion to shares on November 25, 2025. Unconverted bonds after this date will be compulsorily redeemed at a price of CNY 100.70 per bond, which includes accrued interest. This redemption price is significantly lower than the current secondary market price, posing a risk of loss for bondholders who do not convert.

The company's board approved the early redemption on October 30, 2025, after the stock price triggered the conditional redemption clause by closing above 130% of the current conversion price (CNY 4.29 per share) for at least 15 trading days between September 30 and October 30, 2025. The redemption amount will be transferred to investor accounts by December 3, 2025. Investors are advised to carefully review the announcement, understand the risks, and make timely investment decisions.