Lingyi iTech announces mandatory redemption of convertible bonds

Lingyi iTech (Guangdong) Company has issued its sixth reminder regarding the mandatory redemption of its "Lingyi Convertible Bonds." The redemption price is set at 100.181 yuan per bond (including accrued interest). The company met the redemption conditions on September 8, 2025, after its stock price closed above 130% of the current conversion price for at least 15 out of 30 consecutive trading days.

Key dates for bondholders include the last trading day for "Lingyi Convertible Bonds" on October 10, 2025, and the redemption registration date on October 14, 2025. The bonds will stop being convertible on October 15, 2025, which is also the official redemption date. Following the redemption, "Lingyi Convertible Bonds" will be delisted from the Shenzhen Stock Exchange.

Bondholders who have not converted their bonds to shares by the close of trading on October 14, 2025, will be subject to mandatory redemption. The redemption proceeds are expected to reach investors' accounts by October 22, 2025. The company advises bondholders with pledged or frozen bonds to clear these encumbrances before the conversion deadline to avoid potential losses.