Guocheng Mining announces early redemption of convertible bonds

Guocheng Mining Co., Ltd. has announced the early redemption of its "Guocheng Convertible Bonds." The last day for conversion is December 11, 2025, after which any un-converted bonds will be forcibly redeemed. The redemption price is 100.82 yuan per bond, including accrued interest.

The company's board exercised its early redemption right after the stock's closing price consistently met criteria between October 30, 2025, and November 19, 2025. During this period, the stock traded at or above 130% of the conversion price of 12.58 yuan per share, reaching 16.354 yuan per share. Trading of the convertible bonds will cease on December 9, 2025, with the redemption registration date on December 11, 2025.

Redemption funds will reach the China Securities Depository and Clearing Corporation Limited account by December 17, 2025, and investors’ accounts by December 19, 2025. Holders are advised to process any pledges or freezes on their bonds before the conversion cessation date to prevent forced redemption. Un-converted bonds will be delisted from the Shenzhen Stock Exchange following the redemption.