Tianci convertible bonds nearing redemption threshold for Guangzhou Tinci Materials

Guangzhou Tinci Materials Technology Co. (the "Company") announced that its "Tianci Convertible Bonds" may soon meet the conditions for early redemption. From September 29, 2025, to November 4, 2025, the closing price of the Company's stock has been at or above 130% of the current conversion price of 28.50 yuan per share (i.e., 37.05 yuan per share) for ten trading days.

According to the terms, if the Company's stock closing price is at or above 130% of the current conversion price for at least 15 trading days within any 30 consecutive trading days during the conversion period, the Company's board of directors may choose to redeem all or part of the outstanding convertible bonds at their face value plus accrued interest. Investors are advised to review the specific redemption terms and monitor subsequent announcements from the Company.

The current conversion price for "Tianci Convertible Bonds" was last adjusted to 28.50 yuan per share on May 22, 2025, following the implementation of the 2024 equity distribution plan. The initial public offering of 34.105 million convertible bonds, each with a face value of 100 yuan, totaling 3.4105 bn yuan, occurred on September 23, 2022.