Lingyi iTech shareholders approve director changes, company redeems convertible bonds

Lingyi iTech (Guangdong) Company announced the resolutions of its fourth extraordinary general meeting of shareholders held on September 26, 2025. Shareholders approved the "Proposal on the Election of External Non-Independent Directors" with 99.7499% of votes in favor and the "Proposal on Adjusting the 2025 Directors' Remuneration Scheme" with 99.9009% of votes in favor. The meeting, which combined on-site and online voting, confirmed the proposals.

Concurrently, Lingyi iTech announced its fifteenth reminder regarding the redemption of its "Lingyi Convertible Bonds." This redemption was triggered by the company's stock price meeting the redemption conditions between August 19 and September 8, 2025. The bonds will be redeemed at a price of CNY 100.181 per bond (including accrued interest and tax).

The last trading day for the convertible bonds is October 10, 2025, and they will cease to be convertible on October 15, 2025. The redemption registration date is October 14, 2025, with funds reaching the company on October 20, 2025, and investors on October 22, 2025. The company's controlling shareholder, Lingyi Investment (Jiangsu) Co., Ltd., and actual controller, Ms. Zeng Fangqin, fully converted their holdings, totaling 13,062,102 bonds, prior to the redemption conditions being met.