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CHINA METAL RESOURCES UTILIZATION LIMITED
中 國 金 屬 資 源 利 用 有限 公 司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1636)
REDEMPTION OF CONVERTIBLE BONDS
Reference is made to the announcements of the China Metal Resources Utilization Limited (the "Company") dated 9 April 2017, 12 April 2017, 11 August 2017, 12 April 2018 and 12 April 2019 (the "Announcements"). Unless the context otherwise requires, terms used in this announcement shall have the same meaning as those defined in the Announcements.
The Remaining Tranche II Convertible Bonds have matured on 12 April 2020 (the "Extended Maturity Date"). Pursuant to the terms and conditions of the Convertible Bonds, the Company has redeemed all Remaining Tranche II Convertible Bonds in full at their principal amount of HK$80,000,000 with accrued interests on the Extended Maturity Date (the "Redemption") through refinancing.
Given the Redemption, no further Tranche II Convertible Bonds will remain outstanding and all redeemed Remaining Tranche II Convertible Bonds will be cancelled.
By order of the Board
China Metal Resources Utilization Limited
Mr. YU Jianqiu
Chairman
Hong Kong, 14 April 2020
As at the date of this announcement, the Board comprises of four executive directors, namely, Mr. Yu Jianqiu (Chairman), Mr. Kwong Wai Sun Wilson, Mr. Huang Weiping and Ms. Zhu Yufen; and three independent non-executive directors, namely, Mr. Lee Ting Bun Denny, Mr. Pan Liansheng and Ms. Ren Ruxian.