Lingyi iTech redeems convertible bonds, adjusts stock options and board

Lingyi iTech (Guangdong) Company will exercise its early redemption right for "Lingyi Convertible Bonds" (SZSE:127107) following the triggering of a conditional redemption clause. The company's stock price met the 130% threshold of its current conversion price for at least 15 trading days within a 30-day period between August 19, 2025, and September 8, 2025. The redemption price is set at yuan 100.181 per bond. Trading of "Lingyi Convertible Bonds" will cease on October 10, 2025, with redemption on October 15, 2025.

In parallel, Lingyi iTech’s 2024 stock option incentive plan's first exercise period conditions have been met. The company will process the exercise of 6,670.60m stock options by 1,299 eligible incentive recipients. Concurrently, 1,910.60m stock options, including those held by 103 employees who are no longer eligible and 98 individuals who did not meet performance targets, will be canceled. The exercise price for these options, previously adjusted from yuan 4.46 to yuan 4.44 per share, remains effective.

Furthermore, Mr. Li Bo has resigned as a director and member of the strategic and development committee of the board for personal reasons. Ms. Wei Zheng Hui has been nominated as an external non-independent director, with her appointment subject to shareholder review.