Hebei Sitong announces early redemption of Lizhong convertible bonds

Hebei Sitong New Metal Material announced the early redemption of its "Lizhong Convertible Bonds," effective December 17, 2025. The redemption price is CNY 100.39 per bond, including accrued interest. Trading of the bonds will cease on December 12, 2025, and the conversion period will end on December 17, 2025. The decision aims to reduce financial costs and optimize capital structure.

The company's stock price met the redemption trigger conditions between September 29, 2025, and November 17, 2025, with at least fifteen trading days' closing prices not falling below 130% of the current conversion price. The conversion price was most recently adjusted to CNY 18.65 per share, effective November 14, 2025.

Hebei Sitong also announced on November 27, 2025, an amendment to the purpose of its previously repurchased shares. The 2,688,558 shares, originally intended for employee stock ownership or incentive plans, will now be used as a source for the conversion of "Lizhong Convertible Bonds." As of November 24, 2025, CNY 476,937,300 worth of "Lizhong Convertible Bonds" remain outstanding.