Zhongjin Lingnan convertible bonds: Early redemption and trading halt announced

Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd. announced the early redemption of its convertible bonds, "Zhongjin Convertible Bonds," with the last trading day set for November 20, 2025. Following the close of trading on this date, the bonds will be suspended from trading. The final day for bondholders to convert their bonds into shares is November 25, 2025, after which any unconverted bonds will be subject to mandatory redemption.

The redemption price is set at CNY 100.70 per bond, including accrued interest at a current annual rate of 2.00%. The company's board decided to exercise its early redemption right on October 30, 2025, after the closing price of the company's A-share stock met the redemption trigger condition of being 130% or more of the current conversion price for at least 15 trading days within a 30-day period between September 30, 2025, and October 30, 2025.

Bondholders are strongly advised to carefully read the announcement, understand the associated risks, and pay close attention to the final conversion deadline to avoid mandatory redemption at the announced price, which may differ significantly from current secondary market prices. Funds for redeemed bonds will reach investor accounts by December 3, 2025. Following the redemption, the bonds will be delisted from the Shenzhen Stock Exchange.