Lingyi iTech announces mandatory redemption of convertible bonds

Lingyi iTech (Guangdong) Company has issued its tenth reminder regarding the mandatory redemption of its "Lingyi Convertible Bonds." The redemption price is set at CNY 100.181 per bond, which includes accrued interest. This redemption follows the satisfaction of a conditional redemption clause on September 8, 2025, when the company's stock price met the 130% threshold of the current conversion price for at least 15 trading days within a 30-day period.

Key dates for bondholders include October 10, 2025, as the last trading day for the convertible bonds, and October 15, 2025, as the last day for conversion to shares, which is also the redemption date. Any bonds not converted by the redemption registration date of October 14, 2025, will be compulsorily redeemed. Funds for the redemption are expected to reach the company on October 20, 2025, and investors' accounts by October 22, 2025.

Lingyi iTech advises bondholders to convert their bonds into shares before the October 15, 2025, deadline to avoid potential losses, as the redemption price may differ significantly from market prices prior to the cessation of trading and conversion. The company's controlling shareholder and actual controller did not transact in the convertible bonds during the six months prior to the redemption conditions being met.