Tinci's subsidiary wins trade secret infringement case, secures convictions

Guangzhou Tinci Materials Technology (SZSE:002709) announced on September 16, 2025, that its wholly-owned subsidiary, Jiujiang Tinci High-Tech Materials Co., Ltd., received a final criminal judgment from the Jiujiang Intermediate People's Court. The judgment upheld the original conviction of defendants Li Sheng and Zheng Feilong for infringing trade secrets.

The court sentenced Li Sheng to three years and three months in prison and a fine of CNY 4.5 million, while Zheng Feilong received two years and three months in prison and a fine of CNY 1.5 million. Both individuals were ordered to return illicit gains totaling CNY 2,833,536 and CNY 952,104, respectively, with additional illicit gains of CNY 1,451,504 and CNY 207,896 to be pursued.

This final judgment is not expected to significantly impact Tinci’s current or future profits, as the company was the victim. Tinci is actively pursuing civil liabilities against the relevant parties to protect its and its shareholders' interests.

Separately, Tinci also announced the payment of the third-year interest for its convertible bonds, "Tinci Convertible Bonds" (127073). The interest payment, amounting to CNY 8.00 per 10 bonds, will be disbursed on September 23, 2025, to bondholders registered by September 22, 2025. This payment aligns with the bond’s third-year coupon rate of 0.8%.