Tianci convertible bonds face mandatory early redemption

Guangzhou Tinci Materials Technology Co., Ltd. has announced the early redemption of its "Tianci convertible bonds" (127073). The redemption price is set at CNY 100.29 per bond, including accrued interest and taxes. This decision follows the satisfaction of redemption conditions, with the company's A-share stock price meeting the threshold of 130% of the current conversion price for at least 15 trading days within a 30-day period.

Key dates for the redemption process include the cessation of trading on November 28, 2025, and the redemption registration date on December 2, 2025. The bonds will cease to be convertible to shares on December 3, 2025, which is also the redemption date. Funds will reach the company's account by December 8, 2025, and investor accounts by December 10, 2025.

All outstanding "Tianci convertible bonds" not converted by the close of market on December 2, 2025, will be forcibly redeemed. The company warns investors of potential losses if they fail to convert their bonds by the deadline, given the current market price may differ significantly from the redemption price. Following the redemption, the bonds will be delisted from the Shenzhen Stock Exchange.