Lingyi iTech issues second reminder for convertible bond redemption

Lingyi iTech (Guangdong) Company has issued a second reminder for the mandatory redemption of its convertible bonds ("Lingyi Convertible Bonds"). The redemption price is set at CNY 100.181 per bond, including accrued interest. The company confirmed that redemption conditions were met on September 8, 2025, after its stock closed above 130% of the current conversion price for at least 15 trading days within a 30-day period.

Key dates for bondholders include October 10, 2025, as the last trading day; October 14, 2025, as the redemption registration date; and October 15, 2025, as both the redemption date and the last day for conversion. Funds for the redemption are expected to reach the company on October 20, 2025, and investor accounts by October 22, 2025.

Bondholders are strongly advised to convert their bonds before the October 15, 2025, deadline to avoid potential losses, as the redemption price may differ significantly from market prices. Any Lingyi Convertible Bonds not converted by the close of trading on October 14, 2025, will be forcibly redeemed, leading to the delisting of the bonds from the Shenzhen Stock Exchange.