Guocheng Mining announces early redemption of convertible bonds

Guocheng Mining Co. Ltd. will proceed with the early redemption of its "Guocheng Convertible Bonds" with the redemption price set at 100.82 yuan per bond, including accrued interest. This redemption follows a board resolution made on November 19, 2025, after the underlying stock price met the 130% trigger condition for 15 trading days between October 30, 2025, and November 19, 2025.

Key dates for investors include the cessation of trading on December 9, 2025, and the redemption registration date on December 11, 2025. All unconverted bonds by the close of business on December 11, 2025, will be compulsorily redeemed. The cessation of conversion to shares will take effect from December 12, 2025.

Funds for the redemption are expected to reach the central clearing and settlement company's account by December 17, 2025, with bondholders receiving their payments by December 19, 2025. Investors are advised to convert their bonds or sell them before the conversion suspension date to avoid compulsory redemption, especially if their bonds are pledged or frozen. Upon completion, the "Guocheng Convertible Bonds" will be delisted from the Shenzhen Stock Exchange.