Lingyi iTech urges bondholders to convert before mandatory redemption

Lingyi iTech (Guangdong) Company has issued an eighth reminder regarding the redemption of its convertible bonds, "Lingyi Convertible Bonds." The company will implement a mandatory redemption for all outstanding bonds by October 14, 2025.

The redemption price is set at CNY 100.181 per bond, inclusive of accrued interest at an annual rate of 0.20%. Bond trading will cease on October 10, 2025, and the conversion into shares will stop on October 15, 2025, which is also the redemption date.

This decision was triggered after the company's stock closing price met the condition of being at least 130% of the current conversion price (CNY 11.87 per share) for 15 out of 30 consecutive trading days, as stipulated in the bond prospectus. The company's board approved the early redemption on September 8, 2025.

Bondholders are urged to convert their "Lingyi Convertible Bonds" into shares before the October 15, 2025, deadline. Failure to convert by the redemption registration date of October 14, 2025, will result in mandatory redemption at the announced price, which may differ significantly from market prices. The company will delist the bonds from the Shenzhen Stock Exchange after the redemption is completed.