Lingyi iTech announces mandatory redemption of convertible bonds

Lingyi iTech (Guangdong) Company has announced the mandatory redemption of its "Lingyi Convertible Bonds" at a price of CNY 100.181 per bond (including accrued interest). This follows the fulfillment of redemption conditions on September 8, 2025, as the company's stock 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.

The redemption process will see Lingyi convertible bonds cease trading on October 10, 2025, and stop converting into shares on October 15, 2025. The redemption date is set for October 15, 2025, with funds expected to reach investors' accounts by October 22, 2025. Unconverted bonds after the redemption registration date of October 14, 2025, will be forcibly redeemed, leading to their delisting from the Shenzhen Stock Exchange.

Holders of Lingyi convertible bonds are strongly advised to convert their bonds into shares before the conversion suspension date, especially if their bonds are pledged or frozen. The company warns that the redemption price may differ significantly from market prices before the trading and conversion suspension, emphasizing the importance of timely conversion to avoid potential losses.