Core Points - The company has announced the early redemption of its convertible bonds, "中金转债," due to the triggering of redemption conditions based on stock price performance [6][15] - The last trading day for "中金转债" is set for November 20, 2025, after which trading will cease [2][20] - The final conversion date is November 25, 2025, and any unconverted bonds will be forcibly redeemed [3][22] Redemption Details - The redemption price for "中金转债" is set at 100.70 CNY per bond, including accrued interest [4][17] - The redemption conditions were met as the stock price exceeded 130% of the conversion price for at least 15 trading days [15] - The redemption registration date is November 25, 2025, and the actual redemption will occur on November 26, 2025 [5][22] Bond Issuance Overview - "中金转债" was issued on July 20, 2020, with a total of 38 million bonds at a face value of 100 CNY each, amounting to a total of 3.8 billion CNY [7] - The bond has a maturity of 6 years and a tiered interest rate structure, culminating in a 2.00% rate in the final year [7] Conversion Price Adjustments - The initial conversion price was set at 4.71 CNY per share, with subsequent adjustments due to annual profit distributions [7][8][9][10][11] - The latest conversion price is 4.29 CNY per share, effective from June 26, 2025 [11] Redemption Process - The company will provide daily announcements regarding the redemption process leading up to the redemption date [20] - After the redemption, "中金转债" will be delisted from the Shenzhen Stock Exchange [22]

Core Viewpoint - The international gold and silver prices have continued to decline, with spot gold dropping below $4000 per ounce and spot silver falling below $50 per ounce, marking a significant downturn in precious metals markets [1][2]. Price Movements - As of November 18, spot gold prices fell to $4011 per ounce, a decrease of 1.55%, while spot silver prices in New York dropped by 2.53% to $49 [2][6]. - The decline in gold prices has led to a reduction in domestic gold jewelry prices, with major brands like Chow Sang Sang and Lao Feng Xiang reporting consecutive price drops [5][6]. Market Impact - The continuous drop in gold prices has negatively affected gold-related stocks in both A-shares and Hong Kong markets, with significant declines observed in companies such as Hainan Mining and Yuguang Gold Lead [7][9]. - The gold concept sector in A-shares saw a decline of over 2%, with multiple stocks experiencing drops exceeding 5% [7][9]. Economic Factors - The recent hawkish comments from Federal Reserve officials have influenced market expectations regarding interest rate cuts, with the probability of a December rate cut dropping from approximately 90% to 43% [6][10]. - The strengthening of the US dollar, driven by these hawkish signals, has put additional pressure on precious metals [10]. Demand Trends - Despite the current price decline, global gold investment demand surged by 47% year-on-year in Q3, totaling 537 tons, driven by geopolitical uncertainties and a weakening dollar [12]. - Central banks globally have increased their gold purchases, with a net acquisition of 220 tons in Q3, reflecting a continued trend of diversifying reserves to hedge against risks [12][11].

| 证券代码：000060 | 证券简称：中金岭南 | 公告编号：2025-115 | | --- | --- | --- | | 债券代码：127020 | 债券简称：中金转债 | | 深圳市中金岭南有色金属股份有限公司 关于提前赎回"中金转债"实施暨 即将停止交易的重要提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示: 1、最后交易日：2025 年 11 月 20 日 2025 年 11 月 20 日是"中金转债"最后一个交易日，当 日"中金转债"简称为"Z 金转债" ；2025 年 11 月 20 日收 市后"中金转债"将停止交易。 2、最后转股日：2025 年 11 月 25 日 2025 年 11 月 25 日是"中金转债"最后一个转股日，当 日收市前，持有"中金转债"的投资者仍可进行转股；2025 年 11 月 25 日收市后，未转股的"中金转债"将停止转股。 3、截至 2025 年 11 月 18 收市后，距离"中金转债"停 止交易仅剩 2 个交易日，距离"中金转债"停止转股并赎回 仅剩 5 个交易日。本公司特别提醒"中金 ...

Core Points - Zhongjin Lingnan announced that the "Zhongjin Convertible Bonds" will be forcibly redeemed after the market closes on November 25, 2025, if not converted [2] - The company reminds bondholders to convert their bonds within the specified period to avoid forced redemption [2] - Following the redemption, the "Zhongjin Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [2] - Bondholders with pledged or frozen bonds are advised to解除质押或冻结 before the trading suspension to prevent issues with conversion [2]

| 证券代码：000060 | 证券简称：中金岭南 | 公告编号：2025-114 | | --- | --- | --- | | 债券代码：127020 | 债券简称：中金转债 | | 深圳市中金岭南有色金属股份有限公司 关于提前赎回"中金转债"实施暨 即将停止交易的重要提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示: 1、最后交易日：2025 年 11 月 20 日 2025 年 11 月 20 日是"中金转债"最后一个交易日，当 日"中金转债"简称为"Z 金转债" ；2025 年 11 月 20 日收 市后"中金转债"将停止交易。 2、最后转股日：2025 年 11 月 25 日 2025 年 11 月 25 日是"中金转债"最后一个转股日，当 日收市前，持有"中金转债"的投资者仍可进行转股；2025 年 11 月 25 日收市后，未转股的"中金转债"将停止转股。 3、截至 2025 年 11 月 17 收市后，距离"中金转债"停 止交易仅剩 3 个交易日，距离"中金转债"停止转股并赎回 仅剩 6 个交易日。本公司特别提醒"中金 ...

Core Viewpoint - The company has announced the early redemption of its convertible bonds, "中金转债," with specific terms and conditions for investors to be aware of [3][8][10]. Group 1: Redemption Details - The redemption price for "中金转债" is set at 100.70 CNY per bond, including accrued interest at a current annual rate of 2.00% [2][10]. - The redemption conditions are met as of October 30, 2025, and the bonds will be fully redeemed on November 26, 2025 [3][8]. - The last trading day for "中金转债" will be November 21, 2025, after which trading will cease [2][15]. Group 2: Issuance Overview - "中金转债" was issued on July 20, 2020, with a total of 38 million bonds and a total issuance amount of 380 million CNY [4][5]. - The bonds have a maturity of six years and a tiered interest rate structure, starting from 0.20% in the first year to 2.00% in the sixth year [4]. Group 3: Conversion and Pricing - The initial conversion price was set at 4.71 CNY per share, which has been adjusted to 4.29 CNY per share as of the latest update [5][6]. - The conversion price adjustments have occurred due to annual equity distributions, with the latest adjustment taking effect on June 26, 2025 [5]. Group 4: Redemption Process - The redemption process includes a series of key dates: the redemption registration date is November 25, 2025, and the funds will be credited to investors' accounts by December 3, 2025 [12][17]. - Investors are advised to ensure that any pledged or frozen bonds are released before the last trading day to avoid forced redemption [2][3].

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示: | 证券代码：000060 | 证券简称：中金岭南 | 公告编号：2025-113 | | --- | --- | --- | | 债券代码：127020 | 债券简称：中金转债 | | 深圳市中金岭南有色金属股份有限公司 关于提前赎回中金转债的第十一次 提示性公告 1."中金转债"赎回价格：100.70 元/张（含当期应计 利息，当期年利率为 2.00%，且当期利息含税），扣税后的赎 回价格以中国证券登记结算有限责任公司深圳分公司（以下 简称"中国结算"）核准的价格为准。 2."中金转债"赎回条件满足日：2025 年 10 月 30 日 3."中金转债"赎回登记日：2025 年 11 月 25 日 4."中金转债"赎回日：2025 年 11 月 26 日 5."中金转债"停止交易日：2025 年 11 月 21 日 6."中金转债"停止转股日：2025 年 11 月 26 日 7.发行人（公司）资金到账日：2025 年 12 月 1 日 8.投资者赎回款到账日：2025 年 12 月 3 日 9 ...

Core Points - China Jinling Mining announced that the "China Jin Convertible Bonds" will be forcibly redeemed after the market closes on November 25, 2025, if not converted [2] - Following the redemption, the "China Jin Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [2] - Holders of the "China Jin Convertible Bonds" are advised to lift any pledges or freezes on their bonds before the trading suspension to avoid forced redemption due to inability to convert [2] Financial Details - The forced redemption price is set at 100.70 CNY per bond [2] - There is a significant difference between the current secondary market price and the redemption price, which may lead to potential losses for investors who do not convert in time [2]

| 证券代码：000060 | 证券简称：中金岭南 | 公告编号：2025-112 | | --- | --- | --- | | 债券代码：127020 | 债券简称：中金转债 | | 深圳市中金岭南有色金属股份有限公司 关于提前赎回中金转债的第十次 提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示: 7.发行人（公司）资金到账日：2025 年 12 月 1 日 8.投资者赎回款到账日：2025 年 12 月 3 日 9.赎回类别：全部赎回 1."中金转债"赎回价格：100.70 元/张（含当期应计 利息，当期年利率为 2.00%，且当期利息含税），扣税后的赎 回价格以中国证券登记结算有限责任公司深圳分公司（以下 简称"中国结算"）核准的价格为准。 2."中金转债"赎回条件满足日：2025 年 10 月 30 日 3."中金转债"赎回登记日：2025 年 11 月 25 日 4."中金转债"赎回日：2025 年 11 月 26 日 5."中金转债"停止交易日：2025 年 11 月 21 日 6."中金转债"停止转股日：2025 年 ...

Core Viewpoint - Shenzhen Securities Regulatory Bureau has recognized the acquisition of Foshan Precision by Zhongjin Lingnan as a significant example of high-quality mergers and acquisitions in the industry [1][2] Group 1: Company Strategy and Development - Zhongjin Lingnan, controlled by Guangsheng Holdings Group, is accelerating the increase of mineral resource reserves and production while upgrading traditional mining and smelting enterprises [1] - The company is focusing on high-quality mergers and acquisitions to strengthen and optimize strategic emerging industries, particularly in new materials [1][2] Group 2: Acquisition Details - In June 2023, Zhongjin Lingnan, through its subsidiary Zhongjin Technology, acquired Foshan Tongbao Precision Alloy Co., Ltd., the largest producer of bimetal in China, marking a significant move in the new materials sector [1][2] - This acquisition has allowed Zhongjin Lingnan to achieve a complementary advantage with existing production capacity and to develop synergistically, positioning itself as a leading enterprise in the high-end metal composite materials industry both domestically and internationally [1][2] Group 3: Financial Performance - Following the acquisition, Zhongjin Technology's revenue is projected to increase from 1.077 billion yuan to 2.042 billion yuan from 2023 to 2024, representing a year-on-year growth of 89.60% [2] - Net profit is expected to rise from 46 million yuan to 80 million yuan, with an increase of 73.91% [2] Group 4: Future Outlook - Zhongjin Lingnan aims to continue its FAITH business philosophy, focusing on the real economy and manufacturing, while pursuing high-quality projects in mineral resources and new materials through mergers and acquisitions [2] - The company is committed to building a modern industrial system that is self-controlled, safe, reliable, and competitive, contributing to Guangsheng Holdings Group's vision of becoming a world-class enterprise with dreams, responsibilities, and contributions [2]