Suntak Technology announces early redemption of convertible bonds

Suntak Technology Co., Ltd. has announced the early redemption of its "Suntak Convertible Bond 2" at a price of 100.049 yuan per bond, including accrued interest. The redemption conditions were met on August 22, 2025, after the bond's closing price exceeded 130% of its current conversion price of 10.25 yuan per share for fifteen trading days. The board of directors approved this early redemption on August 22, 2025.

Key dates for bondholders include the last trading day on September 12, 2025, and the redemption registration date on September 16, 2025. Bondholders must be aware that the last day for converting the bonds into shares is September 17, 2025, after which unconverted bonds will be compulsorily redeemed. Funds for the redemption are expected to reach the Central Securities Depository and Clearing Corporation by September 22, 2025, and bondholders' accounts by September 24, 2025.

The company reminds bondholders to convert their bonds into shares before the deadline to avoid potential losses, as the redemption price may differ significantly from market prices before trading and conversion halt. Unconverted bonds will be delisted from the Shenzhen Stock Exchange following the redemption.