Suntak convertible bond 2: conversion window closing ahead of redemption

Suntak Technology (Suntak) has issued an advisory regarding the impending cessation of conversion for its "Suntak Convertible Bond 2." The last day for investors to convert their bonds into shares is September 16, 2025. After this date, any unconverted bonds will cease to be convertible and will be subject to mandatory redemption. The company reminds bondholders to understand the risks and make timely decisions.

The "Suntak Convertible Bond 2" redemption price is set at CNY 100.049 per bond, which includes accrued interest at an annual rate of 2% for the current period. The redemption conditions were met on August 22, 2025, and the company’s board approved the early redemption. The last trading day for the convertible bond will be September 12, 2025.

The redemption registration date is September 16, 2025, with the redemption date and cessation of conversion set for September 17, 2025. Funds are expected to reach the central depository account on September 22, 2025, and bondholders' accounts by September 24, 2025. Unconverted bonds held in pledge or frozen status should be unpledged or unfrozen before the conversion deadline.