Ganfeng Lithium: Early redemption of HKD 1.238 billion H-share convertible bonds and warning about conversion risks.

date
06/11/2025
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.