Tinci Materials announces early bond redemption, cash dividend plan

Guangzhou Tinci Materials Technology has announced the early redemption of its convertible bonds, effective December 3, 2025, at CNY 100.29 per bond. Trading in these bonds will cease on November 28, 2025, with the final conversion/redemption date set for December 2, 2025. This decision follows the company's stock price exceeding 130% of the current conversion price for 15 out of 30 trading days since September 29, 2025.

In a related development, Tinci Materials' board of directors approved a profit distribution plan for the first three quarters of 2025. Subject to shareholder approval, the company proposes a cash dividend of CNY 0.50 per 10 shares (tax inclusive) for all shareholders, excluding shares in the company's buyback account. This distribution, totaling CNY 95,441,853.90, will be based on the total share capital of 1,917,456,338 shares as of October 31, 2025, after deducting 8,619,260 shares held in the buyback account.

Shareholders will vote on the proposed dividend at the Fourth Extraordinary General Meeting on December 9, 2025. The company advises convertible bondholders to convert or sell their bonds before the December 2, 2025 deadline to avoid potential losses due to the difference between market prices and the redemption price.