Suntak Technology announces early redemption of convertible bonds

Suntak Technology Co. confirmed the early redemption of "Suntak convertible bond 2," with the final trading day set for September 11, 2025. The last date for conversion into shares is September 16, 2025. Following the close of trading on September 11, 2025, the bonds will cease to trade, and unconverted bonds will be compulsorily redeemed after market close on September 16, 2025.

The redemption price for "Suntak convertible bond 2" is set at 100.049 yuan per bond, inclusive of accrued interest. Investors are advised to convert their bonds into shares before the deadline to avoid potential losses, as the redemption price may differ significantly from market prices. The company's board decided to exercise its early redemption right after the stock price met the trigger conditions. This condition was met by trading at or above 130% of the current conversion price (10.25 yuan per share) for at least 15 trading days within a 30-trading-day period from August 4 to August 22, 2025.

Funds for the redemption are expected to arrive in the company's account by September 22, 2025, with investor accounts credited by September 24, 2025. After the redemption, "Suntak convertible bond 2" will be delisted from the Shenzhen Stock Exchange.