Tinci Materials major shareholder divests all convertible bonds

Guangzhou Tinci Materials Technology Co., Ltd. announced that its controlling shareholder, Xu Jinfu, has fully divested his holdings in "Tinci Convertible Bonds" (127073). As of November 10, 2025, Xu Jinfu no longer holds any of these convertible bonds.

The divestment occurred in phases. Between August 19, 2025, and November 5, 2025, Xu Jinfu reduced his holdings by 5,004,249 shares, representing 14.67% of the total issuance. This left him with 3,826,321 shares, or 11.22%. Subsequently, from November 6, 2025, to November 10, 2025, he sold the remaining 3,826,321 shares.

"Tinci Convertible Bonds" were issued on September 23, 2022, with a total of 34,105,000 shares, each with a face value of 100 yuan, totaling 3.4105 bn yuan. Xu Jinfu initially subscribed to 12,375,731 shares, accounting for 36.29% of the total issuance.