Lingyi iTech initiates stock option exercise, redeems bonds

Lingyi iTech (Guangdong) Company has commenced the first exercise period for its 2024 stock option incentive plan. Some 1,299 eligible participants can exercise 66.706 million stock options at an exercise price of 4.44 yuan per share. The exercise period is from September 18, 2025, to September 17, 2026, using a self-exercising model. This follows board approval on September 8, 2025.

Concurrently, the company announced the third reminder for the redemption of its "Lingyi Convertible Bonds," triggered by the stock price exceeding 130% of the conversion price. The redemption price is 100.181 yuan per bond, inclusive of accrued interest. The last day for trading the convertible bonds is October 10, 2025, with conversion ceasing on October 15, 2025.

Additionally, Lingyi iTech has completed the grant of 47.1475 million reserved stock options under the 2024 incentive plan to 394 eligible individuals, at an exercise price of 4.44 yuan per share, with a registration date of September 10, 2025. The total estimated cost for the reserved options is 256.7768 million yuan, amortized over several years, with 68.7682 million yuan allocated for 2025.