Lizhong Group to redeem convertible bonds early, citing cost reduction

Hebei Sitong New Metal Material (Lizhong Group) has announced the early redemption of its "Lizhong Convertible Bonds" at a price of 100.39 yuan per bond, including accrued interest. The company's stock price met the conditional redemption trigger between September 29, 2025, and November 17, 2025.

The last day for trading the bonds will be December 12, 2025, and the last day for conversion will be December 17, 2025. The official redemption date is December 17, 2025, with funds expected to reach investors by December 24, 2025. Unconverted bonds remaining after market close on December 16, 2025, will be compulsorily redeemed at the specified price. Investors should note that the current secondary market price of "Lizhong Convertible Bonds" differs significantly from the redemption price.

The company's board approved the early redemption to reduce financial costs. Bondholders who wish to convert their bonds into shares must have an open GEM trading account. The conversion price was most recently adjusted to 18.65 yuan per share, effective November 14, 2025.