Zhongjin Lingnan to redeem convertible bonds, ending conversions

Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd. has announced the early redemption of its "Zhongjin Lingnan Convertible Bonds," with the last conversion date set for November 25, 2025. Holders who do not convert their bonds by this date will be subject to a mandatory redemption price of 100.70 yuan per bond, which includes accrued interest at a 2.00% annual rate. Given current market prices, investors are strongly advised to convert their bonds promptly to avoid potential losses.

The company's board of directors approved the early redemption on October 30, 2025, after the bond's conditional redemption clause was triggered. This occurred because the company's stock price met the specified threshold (130% of the current conversion price of 4.29 yuan per share, or 5.58 yuan per share) for at least fifteen trading days within a thirty-day period from September 30, 2025, to October 30, 2025.

Trading of the convertible bonds will cease on November 21, 2025, with the redemption registration date on November 25, 2025. Following the redemption, the bonds will be delisted from the Shenzhen Stock Exchange. Funds for the redemption are expected to reach the issuer on December 1, 2025, and investor accounts by December 3, 2025.