Lingyi iTech announces early redemption of convertible bonds

Lingyi iTech (Guangdong) Company announced the early redemption of its "Lingyi Convertible Bonds," with the last share conversion day set for October 14, 2025. Unconverted bonds will cease share conversion after market close on this date and will be forcibly redeemed at a price of yuan 100.181 per bond (including accrued interest). The company will cease trading of the bonds on October 10, 2025, with the redemption date on October 15, 2025.

The decision to redeem early follows the satisfaction of share conversion conditions, as the company's stock price consistently exceeded 130% of the current share conversion price for 15 trading days within a 30-day period, triggering the conditional redemption clause. Bondholders are strongly advised to convert their bonds into shares before the October 14, 2025 deadline to avoid potential losses, as the redemption price may differ significantly from market prices.

The company will deposit the redemption funds by October 20, 2025, with bondholders expected to receive their payments by October 22, 2025. Following the redemption, "Lingyi Convertible Bonds" will be delisted from the Shenzhen Stock Exchange.