Lingyi iTech redeems convertible bonds, pauses stock conversion

Lingyi iTech (Guangdong) Company announced the early redemption of its "Lingyi Convertible Bonds," with the last conversion date set for October 14, 2025. Holders who do not convert by this date will face mandatory redemption at 100.181 yuan per bond, inclusive of current interest. Trading of these bonds will cease on October 10, 2025, with redemption to follow on October 15, 2025. The company met its redemption conditions after its stock price exceeded 130% of the current conversion price for 15 trading days within a 30-day period between August 19 and September 8, 2025.

The company also disclosed its Q3 2025 convertible bond conversion status and share changes. From July 1 to September 30, 2025, Lingyi Convertible Bonds saw a reduction of 1,916,901,700 bonds, resulting in the conversion of 209,953,605 shares. This conversion, along with other share changes, led to a total share capital of 7,278,956,824 shares as of September 30, 2025. The remaining convertible bond balance as of September 30, 2025, was 220,472,300 yuan.

Additionally, Lingyi iTech updated on its share buyback program. As of September 30, 2025, the company had repurchased 38,231,900 shares, representing 0.53% of its total share capital, for a total of 319,911,973.82 yuan. The buyback prices ranged from 8.06 yuan to 8.55 yuan per share, remaining within the adjusted maximum price of 13.16 yuan per share, following a dividend distribution on May 7, 2025.