Lingyi convertible bonds nearing conditional redemption trigger

Lingyi iTech (Guangdong) Company has announced that its "Lingyi Convertible Bonds" (bond code: 127107) are projected to meet the conditional redemption criteria. The convertible bonds, with a current conversion price of CNY 9.13 per share and a conversion period from May 22, 2025, to November 17, 2030, are nearing the 130% redemption threshold.

Specifically, from August 19, 2025, to September 1, 2025, Lingyi's stock price has closed at or above 130% of the current conversion price (CNY 11.87 per share) for 10 trading days within a consecutive 30-trading-day period. According to the prospectus, if the company's stock price closes at or above 130% of the conversion price for at least 15 trading days within a 30-trading-day period, the conditional redemption clause will be triggered.

Should these conditions be met, Lingyi iTech's board of directors will convene to decide whether to redeem all or part of the unconverted bonds at their face value plus accrued interest. Investors are advised to monitor the situation and refer to the company's official announcements for further details.