Tinci convertible bond conversions see slight Q3 share capital increase

In the third quarter of 2025, Guangzhou Tinci Materials Technology Co., Ltd.'s "Tinci Convertible Bonds" saw 360,900 yuan (3,609 bonds) converted into 12,653 shares. As of September 30, 2025, the outstanding balance of "Tinci Convertible Bonds" stands at 3,409,722,000 yuan (34,097,220 bonds).

This conversion resulted in a marginal increase in the company's total share capital from 1,914,344,146 shares to 1,914,356,799 shares. The number of unrestricted shares increased by 12,653, from 1,384,904,550 to 1,384,917,203, maintaining its proportion at 72.34%. Restricted shares remained unchanged at 529,439,596, representing 27.66% of the total share capital.

The "Tinci Convertible Bonds" commenced trading on the Shenzhen Stock Exchange on October 27, 2022. The conversion period runs from March 29, 2023, to September 22, 2027. The latest adjusted conversion price, effective from May 22, 2025, is 28.50 yuan per share, following a 2024 equity distribution plan.