TNMG(SZ:000630) Zheng Quan Zhi Xing·2025-09-04 16:20Group 1 - The core opinion of the article is that Tongling Nonferrous Metals Group Co., Ltd. has met the necessary conditions for the early redemption of its convertible bonds, and the legal opinion confirms the compliance with relevant regulations [1][2][4] - The convertible bonds were issued with a total amount not exceeding 2.146 billion yuan, with a maturity period of 6 years from September 21, 2023, to September 20, 2029 [1][2] - The initial conversion price of the bonds was set at 3.38 yuan per share, which was adjusted to 3.30 yuan on June 7, 2024, and further adjusted to 3.20 yuan on June 23, 2025, due to equity distribution [1][2] Group 2 - The company has triggered the conditional redemption clause as its stock price has been above 130% of the conversion price for at least 15 trading days within a 30-day period [2] - The redemption process has received necessary approvals from the board and is in compliance with the relevant management regulations [2][3] - The company is required to fulfill subsequent information disclosure obligations regarding the redemption [2][3]