Guocheng Mining announces early redemption of convertible bonds

Guocheng Mining announced the early redemption of its "Guocheng Convertible Bonds" at a price of 100.82 yuan per bond, including accrued interest and taxes. This decision follows the satisfaction of redemption conditions on November 19, 2025, with the company's stock price exceeding 130% of the current conversion price (12.58 yuan/share) for 15 trading days between October 30 and November 19, 2025.

The bonds will cease trading on December 9, 2025, and the redemption registration date is set for December 11, 2025. Conversion into shares will also cease on December 12, 2025. Funds for the redemption will reach the company's account by December 17, 2025, with bondholders receiving their payments by December 19, 2025.

Bondholders are advised that any "Guocheng Convertible Bonds" not converted into shares by the close of trading on December 11, 2025, will be subject to mandatory redemption. Following the redemption, the bonds will be delisted from the Shenzhen Stock Exchange. Investors holding pledged or frozen bonds are urged to clear these conditions before the conversion suspension date to avoid mandatory redemption.