Lizhong convertible bond redemption deadline approaches

Lizhong Sitong New Metal Material Group has announced the imminent early redemption of its "Lizhong Convertible Bonds," with trading already halted since December 11, 2025. The final conversion date for bondholders is December 16, 2025.

After the market close on this day, any unconverted bonds will be mandatorily redeemed at a price of CNY 100.39 per bond, including accrued interest. This redemption price may differ significantly from current secondary market prices, posing a potential loss for investors who do not convert.

The company's stock price met the conditional redemption clause between September 29, 2025, and November 17, 2025. Bondholders converting their bonds must have open GEM trading privileges; those without are reminded of the risk of being unable to convert. The full redemption will lead to the bonds' delisting from the Shenzhen Stock Exchange. Funds are expected to reach the issuer's account by December 22, 2025, and investor accounts by December 24, 2025.