Guocheng Mining to redeem convertible bonds early

Guocheng Mining Co., Ltd. announced the early redemption of its Guocheng Convertible Bonds, with a redemption price of CNY 100.82 per bond (inclusive of interest and tax). The redemption follows the satisfaction of early redemption conditions, as the company's stock price consistently traded above 130% of the current conversion price (CNY 12.58/share), specifically reaching CNY 16.354/share for 15 trading days between October 30, 2025, and November 19, 2025.

The company's board approved the early redemption on November 19, 2025. Key dates include a trading halt on December 9, 2025, a redemption registration date of December 11, 2025, and a conversion halt on December 12, 2025. The redemption date is December 12, 2025, with funds reaching the issuer on December 17, 2025, and investor accounts by December 19, 2025.

Following the redemption, Guocheng Convertible Bonds will be delisted from the Shenzhen Stock Exchange. Investors are advised to convert or sell their bonds by the deadline to avoid potential losses, especially if market prices differ significantly from the redemption price. Those with pledged or frozen bonds should release them before the conversion halt.