Zhongjin Lingnan convertible bonds face redemption deadline

Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd. has issued a critical reminder for holders of its "Zhongjin Lingnan Convertible Bonds," as the final conversion day is set for November 25, 2025. After this date, any unconverted bonds will cease to be convertible and will be subject to mandatory redemption.

The company will redeem the bonds at 100.70 yuan per bond, which includes accrued interest at a 2.00% annual rate. This redemption price is significantly different from the current secondary market price, posing a potential loss for investors who fail to convert their bonds into shares before the deadline. The company's board approved the early redemption on October 30, 2025, after the stock price exceeded 130% of the current conversion price (5.58 yuan per share) for at least 15 trading days.

The last trading day for the convertible bonds is November 21, 2025, and they will be delisted from the Shenzhen Stock Exchange following the redemption. Bondholders are strongly advised to ensure any pledged or frozen bonds are released before the trading cessation date to enable conversion. Funds for the redemption are scheduled to be disbursed to investors by December 3, 2025.