Suntak Technology to mandatorily redeem convertible bonds

Suntak Technology Co., Ltd. announced the eleventh reminder for the early redemption of its "Suntak Convertible Bond 2." The redemption price is set at 100.049 yuan per bond, including accrued interest. The company fulfilled its redemption conditions on August 22, 2025, and will proceed with the mandatory redemption of all outstanding bonds.

Key dates for bondholders include the last trading day on September 12, 2025, and the redemption registration date on September 16, 2025. The deadline for converting bonds into shares is September 17, 2025, after which unconverted bonds will be compulsorily redeemed. Funds for redemption will reach bondholders' accounts by September 24, 2025.

Bondholders are advised to convert their "Suntak Convertible Bond 2" into shares before the September 17, 2025 deadline to avoid potential losses, as the redemption price may differ significantly from market prices. The company's stock price met the redemption trigger, closing above 13.33 yuan per share for 15 trading days within a specific period. The current conversion price is 10.25 yuan per share.