Lingyi iTech announces mandatory early redemption of convertible bonds

Lingyi iTech (Guangdong) Company has initiated the mandatory early redemption of its "Lingyi convertible bonds" (127107), with a redemption price set at yuan 100.181 per bond (including accrued interest and tax). The decision follows the fulfillment of redemption conditions, as the company's stock closing price met or exceeded 130% of the current conversion price for 15 trading days within a 30-day period between August 19, 2025, and September 8, 2025.

Key dates for bondholders include October 10, 2025, as the last trading day for the convertible bonds, and October 15, 2025, as both the redemption date and the last day for conversion. Bonds not converted by the close of business on October 14, 2025, will be subject to mandatory redemption. The redemption funds are expected to reach bondholders' accounts by October 22, 2025.

The company has advised bondholders to be aware of potential discrepancies between the redemption price and market prices before the conversion stop date and to consider converting their bonds to avoid potential losses. Holders whose bonds are pledged or frozen are advised to release them before the conversion deadline.