Tianci Materials to early redeem convertible bonds

Guangzhou Tinci Materials Technology announced its decision to early redeem its outstanding convertible bonds at a price of 100.29 yuan per bond, including interest and tax. The redemption, triggered by the company's stock price meeting specific conditions, will result in the bonds being delisted from the Shenzhen Stock Exchange after the process is complete.

The redemption registration date is set for December 2, 2025, with the redemption date on December 3, 2025. Trading of the bonds will cease on November 28, 2025, and conversion will stop on December 3, 2025.

The redemption price of 100.29 yuan per bond is calculated based on the bond's face value plus accrued interest, which amounts to approximately 0.29 yuan per bond for the period from September 23, 2025, to December 3, 2025. Investors are cautioned that the redemption price may differ significantly from the market price before the trading and conversion halt.

Funds for the redemption are expected to reach the company's account by December 8, 2025, and investors' accounts by December 10, 2025. Bondholders are advised to address any pledged or frozen holdings before the trading suspension to ensure successful conversion.