Asia-Pacific Light Alloy won't redeem convertible bonds early

Jiangsu Asia-Pacific Light Alloy Technology announced that its "Arco Convertible Bonds" have triggered the conditional redemption clause. This occurred as the stock's closing price exceeded 130% of the current conversion price (5.29 yuan per share) for 15 trading days between November 6, 2025, and December 4, 2025. Despite this, the company's board of directors, at its seventh meeting on December 4, 2025, decided not to exercise its early redemption right. This decision is based on protecting investor interests and current market conditions.

The company further resolved that for the next six months, from December 5, 2025, to June 4, 2026, it will not exercise early redemption rights even if the conditional redemption clause is triggered again. If the clause is triggered after June 4, 2026, the company will reconvene the board to re-evaluate whether to proceed with an early redemption. China Securities Investment Securities Company Limited, acting as the sponsor, confirmed the decision aligns with relevant regulations and does not harm the interests of the company or its shareholders.

The "Arco Convertible Bonds" were issued on March 9, 2023, with a total of 11.59m shares at a face value of 100 yuan per share, totaling 1.159bn yuan. The bonds began trading on the Shenzhen Stock Exchange on April 27, 2023. The initial conversion price of 6.46 yuan per share has been adjusted multiple times due to equity distributions, most recently to 5.29 yuan per share, effective September 23, 2025.