Lizhong Group's convertible bonds to delist after full redemption

Hebei Sitong New Metal Material Co., Ltd. (SZSE:300428) announced the delisting of its "Lizhong Convertible Bonds" from the Shenzhen Stock Exchange, effective December 25, 2025. This follows the company's decision to fully redeem the bonds, with the redemption date set for December 17, 2025. The conditional redemption clause was triggered between September 29, 2025, and November 17, 2025, as the company's stock price met the specified threshold for 15 out of 30 consecutive trading days.

The redemption price per bond is set at CNY 100.39, which includes the bond's face value and accrued interest. The total redemption amount paid by the company is CNY 1,439,793.38. As of December 16, 2025, there were 14,342 un-converted bonds remaining, all of which will be redeemed. Trading of the convertible bonds will cease on December 12, 2025, and conversion to shares will stop on December 17, 2025.

The initial conversion price of the "Lizhong Convertible Bonds" was CNY 23.57 per share, adjusted multiple times due to stock incentive plans and profit distribution, ultimately reaching CNY 18.65 per share as of the announcement date. This full redemption will result in the bonds no longer circulating or trading and their subsequent removal from listing.