Guocheng Mining announces early redemption of convertible bonds

Guocheng Mining announced the early redemption of its "Guocheng Convertible Bonds" (stock code: 127019) at a price of CNY 100.82 per bond, including accrued interest and tax, by December 12, 2025. This decision follows the company's stock closing price being at or above 130% of the current conversion price for at least 15 trading days between October 30, 2025, and November 19, 2025.

The last trading day for the convertible bonds will be December 9, 2025, and the last day for conversion will be December 12, 2025. The redemption applies to all remaining unconverted bonds registered as of the close of business on December 11, 2025, after which the bonds will be delisted from the Shenzhen Stock Exchange. Investors are expected to receive payment by December 19, 2025. Shareholders are advised to complete any conversion by the deadline to avoid mandatory redemption.

This redemption is a passive dilution event, causing the aggregate shareholding of Guocheng Holding Group Co., Ltd. and its concerted party, Gansu Jianxin Industrial Group Co., Ltd., to decrease from 69.69% to 68.63%, triggering a 1% integer multiple change. This will not affect the company’s controlling shareholder or actual controller.