Honglu convertible bonds to resume share conversion

Anhui Honglu Steel Construction Group Co., Ltd. announced that its "Honglu Convertible Bonds" (bond code: 128134) will resume share conversion on December 12, 2025. The convertible bonds, with a total issuance of 1.88 bn RMB, were publicly issued on October 9, 2020, for a term of six years, and began trading on the Shenzhen Stock Exchange on November 2, 2020.

The temporary suspension occurred because the company's stock price, from October 9, 2025, to November 19, 2025, continuously traded below 70% of the current "Honglu Convertible Bonds" conversion price (32.08 RMB/share). This triggered the conditional put-back clause, as the bonds are in their last two interest-bearing years.

Following an application to the Shenzhen Stock Exchange, share conversion was suspended for five trading days, from December 5, 2025, to December 11, 2025, during the put-back declaration period. With the conclusion of this period, share conversion will resume on the next trading day, December 12, 2025. During the suspension, the company's convertible bonds continued normal trading.