Ganfeng Lithium: Early redemption of HKD 1.238 billion H-share convertible bonds and warning about conversion risks.
Ganfeng Lithium announced that as of the disclosure date of the announcement, there is still 1.238 billion Hong Kong dollars remaining from the 1.37 billion Hong Kong dollar H-share convertible bond issued on September 2, 2025, accounting for 90.36% of the principal total. As the closing price of the H-shares meets the conditions, the company will redeem the bonds at 100% of the principal amount, paying the accrued unpaid interest until December 18, and canceling after settlement. Holders who wish to exercise their conversion rights should submit a notice by 3 pm on December 8, with a conversion price of 33.67 Hong Kong dollars. If all are converted, 36.7686 million H-shares can be converted, accounting for approximately 8.22% of the issued H-shares and 1.78% of the issued shares. Investors are reminded to pay attention to the risk of loss if conversion is not done in a timely manner.
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