Lizhong Group announces early redemption of convertible bonds

Lizhong Sitong Light Alloy Group Co., Ltd. (Lizhong Group) has announced the early redemption of its "Lizhong Convertible Bonds" (stock code: 300428) at 100.39 yuan per bond, including accrued interest. This redemption follows the company's stock price meeting the early redemption trigger conditions outlined in the bond's prospectus. The prospectus stipulated that the stock price must be at least 130% of the current conversion price for fifteen trading days within a consecutive thirty-trading-day period.

The company's stock price fulfilled this condition between September 29, 2025, and November 17, 2025. The final date for bond trading is December 12, 2025, with the last day for conversion into shares being December 17, 2025. Unconverted bonds remaining after the close of business on December 16, 2025, will be compulsorily redeemed at the stated price.

Lizhong Group reminds investors that the current secondary market price of "Lizhong Convertible Bonds" differs significantly from the redemption price. Bondholders are advised to convert their bonds into shares before the redemption deadline to avoid potential losses. This is particularly important if their bonds are pledged or frozen, which could prevent conversion.