Guocheng convertible bonds nearing redemption deadline

Guocheng Mining has issued an important reminder regarding the impending redemption of its convertible bonds. The last trading day for the convertible bonds will be December 8, 2025, after which trading will cease. The final conversion date is December 11, 2025. Unconverted bonds will be subject to mandatory redemption at a price of 100.82 per bond, which includes accrued interest.

The company's stock price triggered the conditional redemption clause between October 30, 2025, and November 19, 2025. This occurred by closing at or above 130% of the current conversion price (12.58 per share) for at least 15 trading days. The board of directors approved the early redemption on November 19, 2025. Redemption funds are expected to reach the central depository account by December 17, 2025, with investor funds arriving by December 19, 2025.

Investors are strongly advised to convert or sell their convertible bonds by December 11, 2025, to avoid potential losses from mandatory redemption, especially if the redemption price differs significantly from market prices. Bonds held under pledge or freeze should be released before the conversion deadline to ensure eligibility.