Guocheng Mining redeems convertible bonds, set for delisting

Guocheng Mining announced the redemption of its "Guocheng Convertible Bonds," which were issued on July 15, 2020, with a total value of 850m yuan. The company exercised its early redemption right because the stock price met the conditional redemption clause, where the stock price had been at least 130% of the current conversion price for 15 trading days between October 30, 2025, and November 19, 2025. The final redemption price was 100.82 yuan per bond, including accrued interest.

The redemption registration date was December 11, 2025, with trading stopping on December 9, 2025, and conversion stopping on December 12, 2025. According to data, 11,195 bonds remained untransferred and were redeemed, totaling a payment of 1,128,679.90 yuan. This redemption will lead to the delisting of the "Guocheng Convertible Bonds" from the Shenzhen Stock Exchange on December 22, 2025.

As a result of the redemption and prior conversions, the company's total share capital increased to 1,185,067,706 shares as of December 11, 2025, from 1,137,299,314 shares on January 20, 2021. The company stated that the redemption will not significantly impact its financial position or operating results, optimizing its capital structure.