Lingyi iTech to redeem convertible bonds after meeting conditions

Lingyi iTech (Guangdong) Company will redeem its "Lingyi Convertible Bonds" at 100.181 yuan per bond (including accrued interest and tax) on October 15, 2025. The redemption conditions were met on September 8, 2025, after the company's stock closing prices were at least 130% of the current conversion price (11.87 yuan per share) for 15 trading days within a 30-trading-day period.

Bondholders are advised that the "Lingyi Convertible Bonds" will cease trading on October 10, 2025, and stop being convertible into shares on October 15, 2025. All bonds not converted by the close of business on the redemption registration date, October 14, 2025, will be subject to mandatory redemption. Investors are urged to convert their bonds before the deadline to avoid potential losses due to price differences.

Funds for the redemption are expected to reach the company's account by October 20, 2025, with bondholders receiving payments by October 22, 2025. The company's controlling shareholder, Lingcheng Investment (Jiangsu) Co., Ltd., and actual controller, Ms. Zeng Fangqin, fully sold their convertible bond holdings by the end of the period.