Lingyi iTech redeems convertible bonds, delists from Shenzhen exchange

Lingyi iTech (Guangdong) Company announced the early redemption of its "Lingyi Convertible Bonds" following the trigger of a conditional redemption clause. The company's stock price met the 130% threshold of its current conversion price for at least 15 trading days within a 30-day period, starting from August 19, 2025, and concluding on September 8, 2025. This prompted a board resolution on September 8, 2025, to initiate the redemption.

The redemption date for the bonds was October 15, 2025, with the last trading day being October 9, 2025, and the last conversion day on October 14, 2025. As of October 14, 2025, a total of 45,106 bonds remained unconverted, representing a face value of 4,510,600 yuan. These were redeemed at 100.181 yuan per bond, including accrued interest. The total redemption payment amounted to 4,518,764.18 yuan.

Following the redemption, the "Lingyi Convertible Bonds" will be delisted from the Shenzhen Stock Exchange on October 23, 2025, as they no longer meet the listing requirements. This redemption is not expected to materially affect the company's financial status or the use of its raised capital.