NONFEMET(SZ:000060) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-02 14:28Core Points - The company has decided to exercise the early redemption of its convertible bonds, "中金转债," due to meeting the conditional redemption criteria as outlined in the bond's prospectus [11][6] - The redemption price is set at 100.70 CNY per bond, which includes accrued interest at a current annual interest rate of 2.00% [6][14] - The redemption process will take place on November 26, 2025, with the last trading day for the bonds being November 21, 2025 [19][6] Meeting Decisions - The board of directors approved the proposal to waive the notice period for the meeting and to hold the meeting via communication on October 30, 2025 [2][1] - The board unanimously voted in favor of the early redemption of "中金转债" with all 8 votes in favor and none against [3][4] Redemption Details - The redemption conditions were triggered as the company's stock price met the required threshold for at least 15 out of 30 trading days prior to the redemption date [11][9] - The redemption registration date is set for November 25, 2025, and the funds will be credited to bondholders' accounts by December 3, 2025 [19][6] 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 issuance of 3.8 billion CNY [8][9] - The bond has a maturity of 6 years and a tiered interest rate structure, culminating in a 2.00% rate in the final year [8][9] Conversion and Trading Information - The bond can be converted into shares at a current conversion price of 4.29 CNY per share, which has been adjusted multiple times since issuance [9][11] - The last trading day for "中金转债" will be November 21, 2025, after which it will be delisted from the Shenzhen Stock Exchange [19][6]