GuoCheng Mining(SZ:000688) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-12-05 00:02Core Viewpoint - The company has announced the early redemption of its convertible bonds, "Guocheng Convertible Bonds," due to the fulfillment of certain conditions, with specific dates and procedures outlined for investors [6][12]. Group 1: Redemption Details - The last trading day for "Guocheng Convertible Bonds" is December 8, 2025, after which trading will cease [2]. - The last conversion date is December 11, 2025, and any bonds not converted by this date will be forcibly redeemed [3][5]. - The redemption price is set at 100.82 CNY per bond, which includes accrued interest at an annual rate of 2.00% [4][13]. Group 2: Redemption Conditions - The redemption conditions were met on November 19, 2025, when the company's stock price met the criteria for early redemption [5][12]. - The company has the right to redeem the bonds if the stock price remains above 130% of the conversion price for at least 15 out of 30 trading days [10][12]. Group 3: Timeline and Procedures - The redemption registration date is December 11, 2025, and the actual redemption will occur on December 12, 2025 [5][16]. - Funds from the redemption will be credited to investors' accounts by December 19, 2025 [16]. - The bonds will be delisted from the Shenzhen Stock Exchange following the completion of the redemption [5][16]. Group 4: Conversion and Trading Information - The bonds were originally issued on July 15, 2020, with a total issuance of 8.5 million bonds, amounting to 850 million CNY [7]. - The conversion price has been adjusted multiple times, with the latest adjustment setting it at 12.58 CNY per share effective July 26, 2024 [9][8]. - Investors must process conversion requests through the securities company that holds their bonds, with a minimum conversion unit of one bond [17].