Suntak Technology announces early redemption of convertible bonds

Suntak Technology Co., Ltd. (002815) announced the early redemption of its "Chongda convertible bond 2" (128131). The last conversion date for these bonds is September 16, 2025, after which unconverted bonds will no longer be eligible for conversion. The redemption price is CNY 100.049 per bond, which includes accrued interest. The company urged investors to review the announcement carefully, understand the risks, and act before the final conversion deadline.

The early redemption was triggered because the company's stock price met callable conditions. Specifically, its share price traded at or above 130% of the current conversion price (CNY 10.25/share) for at least 15 trading days within a 30-trading-day period between August 4 and August 22, 2025. The company's board approved this early redemption on August 22, 2025.

"Chongda convertible bond 2" will stop trading on September 12, 2025, with the redemption registration date on September 16, 2025. The bonds will cease to be convertible on September 17, 2025, which is also the redemption date. Redemption funds are expected to reach the company's account by September 22, 2025, and investor accounts by September 24, 2025.