Guocheng Mining announces convertible bond redemption and share dilution

Guocheng Mining announced that its controlling shareholder, Guocheng Group, and its concerted party, Jianxin Group, experienced a passive dilution of their combined shareholding from 67.98% to 66.99% due to convertible bond conversions, triggering a 1% integer multiple threshold. This change in equity did not involve any increase or decrease in the number of shares held by the shareholders, nor did it trigger a tender offer. The company assured that the controlling shareholder and actual controller remained unchanged, with no impact on corporate governance or operations.

Concurrently, Guocheng Mining will prematurely redeem its "Guocheng Convertible Bonds." The redemption price is CNY 100.82 per bond, including accrued interest. The decision was made after the company's stock price consistently met the redemption conditions between October 30, 2025, and November 19, 2025.

The bonds will cease trading on December 9, 2025, with the redemption registration date set for December 11, 2025. The conversion to shares will stop on December 12, 2025, which is also the redemption date. Bondholders are advised to convert their bonds into shares before the stop date to avoid mandatory redemption. The company's total share capital increased to 1,170,685,269 shares due to the cumulative conversion of 53,049,822 shares from the "Guocheng Convertible Bonds."