Suntak Technology to early redeem convertible bonds as stock price rises

Suntak Technology will proceed with the early redemption of its "Chongda Convertible Bond 2," with the last conversion day for investors being September 16, 2025. Following this, any unconverted bonds will cease to be convertible and will be forcibly redeemed.

The redemption price for each bond is RMB 100.049, which includes accrued interest at an annual rate of 2%. The company's board of directors approved the early redemption on August 22, 2025, after the stock price met the redemption conditions, trading above 130% of the current conversion price (RMB 10.25/share) for 15 out of 30 trading days between August 4 and August 22, 2025.

Trading of "Chongda Convertible Bond 2" will halt on September 12, 2025, and the redemption registration date is September 16, 2025. Funds are expected to reach the central depository account by September 22, 2025, with investors receiving their redemption payments by September 24, 2025. The company emphasizes the risk that the redemption price may differ significantly from the market price before the cessation of conversion rights.