Guocheng Mining to redeem convertible bonds early

Guocheng Mining Co., Ltd. will prematurely redeem its "Guocheng Convertible Bonds" at a price of 100.82 yuan per bond, including accrued interest and tax. The company's board approved this decision on November 19, 2025, after the convertible bonds' conditional redemption clause was triggered. This occurred because the company's stock closing price met the condition of being at least 130% of the conversion price for 15 trading days between October 30, 2025, and November 19, 2025.

Bond trading will halt on December 9, 2025, with the redemption registration date set for December 11, 2025. Conversion will cease on December 12, 2025, which is also the redemption date. Funds are expected to reach bondholders' accounts by December 19, 2025.

Holders of "Guocheng Convertible Bonds" who have not converted by the close of trading on December 11, 2025, will face mandatory redemption. The company strongly advises bondholders to convert or sell their bonds before the conversion deadline to avoid forced redemption. After this redemption, the "Guocheng Convertible Bonds" will be delisted from the Shenzhen Stock Exchange.