Group 1 - The company held its 20th meeting of the 6th Board of Directors on November 13, 2025, with all 7 directors present, complying with relevant laws and regulations [2] - The Board approved the proposal not to redeem the "Dazhong Convertible Bonds" early, with a unanimous vote of 7 in favor [3] - The company will not exercise the early redemption rights for the "Dazhong Convertible Bonds" for three months from November 14, 2025, to February 13, 2026, even if the redemption conditions are triggered [12] Group 2 - The controlling shareholder, Zhongxing Group, released 65 million shares from a pledge due to a significant increase in the company's stock price since June 2025 [4][5] - As of the end of Q3 2025, the total share capital of the company was 1,508,023,074 shares, with 27.27% of shares pledged by the controlling shareholder and its concerted parties [5] - The stock price has been above 130% of the current conversion price of the "Dazhong Convertible Bonds" for 15 trading days, triggering the conditional redemption clause [12] Group 3 - The "Dazhong Convertible Bonds" were issued on August 17, 2022, with a total amount of RMB 152 million and an initial conversion price of RMB 11.36 per share [7] - The conversion price has been adjusted multiple times, with the latest adjustment bringing it down to RMB 10.76 per share effective June 26, 2025 [10] - The company will reassess the decision on early redemption if the bonds trigger the redemption clause again after February 13, 2026 [12]
大中矿业股份有限公司 第六届董事会第二十次会议决议公告