Meijin Energy announces convertible bond put option exercise period

Shanxi Meijin Energy Co., Ltd. has issued a second reminder regarding the put option for its "Meijin convertible bonds." This follows the approval of a resolution to terminate certain fundraising investment projects and permanently replenish working capital. The put option allows bondholders to sell their bonds back to the company at a price of 100.986 per bond (including interest and tax).

The put option declaration period is scheduled from December 1, 2025, to December 5, 2025. During this time, the "Meijin convertible bonds" will continue to trade, but conversion into shares will be suspended. Investors are reminded that choosing to exercise the put option, given the current market price is above the put price, may result in a loss.

Funds for the put option will be remitted by the company to China Securities Depository and Clearing Corporation Limited Shenzhen Branch by December 10, 2025, with funds expected to be credited to investors' accounts by December 12, 2025. Bondholders can choose whether to exercise the put option, as it is not mandatory. If an investor's bonds are judicially frozen or deducted before the funds are distributed, the put option declaration will be invalid.