Lingyi iTech convertible bonds near mandatory redemption, conversion deadline

Lingyi iTech (Guangdong) Company has announced its convertible bonds will cease trading on October 10, 2025, with the last conversion day set for October 14, 2025. Following this, any unconverted bonds will be subject to mandatory redemption at a price of CNY 100.181 per bond, inclusive of accrued interest.

The company's funding for the redemption will be deposited by October 20, 2025, with investor payments expected by October 22, 2025.

The decision to exercise the early redemption right was triggered as Lingyi iTech's stock met the redemption conditions between August 19, 2025, and September 8, 2025. During this period, the stock's closing price was at least 130% of the current conversion price for 15 out of 30 trading days. Investors are advised to review the notice and make conversion decisions before the final deadline to avoid potential losses.