Tianci Materials to redeem convertible bonds early

Guangzhou Tinci Materials Technology Co. announced the early redemption of its "Tianci convertible bonds" at a price of 100.29 yuan per bond, inclusive of interest and tax. The redemption, approved by the board on November 11, 2025, follows the satisfaction of redemption conditions on the same date.

The redemption registration date is December 2, 2025, with the redemption date set for December 3, 2025. Trading of the convertible bonds will cease on November 28, 2025, and conversion will stop on December 3, 2025. Upon completion, the "Tianci convertible bonds" will be delisted from the Shenzhen Stock Exchange.

The company advises bondholders with pledged or frozen bonds to clear these arrangements before the trading cessation. Redemption proceeds will reach investor accounts by December 10, 2025. Investors are warned of potential losses if they do not convert or sell their bonds promptly, as secondary market prices may differ significantly from the redemption price. The company initiated this redemption after its A-share stock price met the condition of trading at or above 130% of the current conversion price for at least 15 out of 30 trading days.