Lizhong convertible bonds face mandatory early redemption by Hebei Sitong New Metal

Hebei Sitong New Metal Material has announced the early redemption of its "Lizhong Convertible Bonds" at a price of CNY 100.39 per bond, including accrued interest. The company met the conditional redemption criteria as its stock price consistently exceeded 130% of the current conversion price for at least 15 out of 30 consecutive trading days between September 29, 2025, and November 17, 2025. The current conversion price is CNY 18.65 per share.

The last day for trading the convertible bonds is December 12, 2025, and the last day for conversion into shares is December 17, 2025. Bonds not converted by the redemption registration date of December 16, 2025, will be compulsorily redeemed at the stated price. Bondholders are advised to convert their bonds by the deadline to avoid potential losses, as the current secondary market price of the convertible bonds differs significantly from the redemption price.

The company's board approved the early redemption on November 17, 2025, to reduce financial costs. Following the redemption, "Lizhong Convertible Bonds" will be delisted from the Shenzhen Stock Exchange. Investors who wish to convert must have an activated GEM board trading account.