Lizhong Group announces early redemption of convertible bonds

Lizhong Group has announced the early redemption of its "Lizhong Convertible Bonds" at a redemption price of 100.39 yuan per bond, including accrued interest. The bonds will cease trading on December 12, 2025, and stop converting to shares on December 17, 2025. The official redemption date is December 17, 2025, with investor funds expected by December 24, 2025.

The company's stock price met the conditional redemption trigger, as its closing price remained above 130% of the current conversion price for at least 15 out of 30 consecutive trading days between September 29, 2025, and November 17, 2025. As of the announcement date, the conversion price is 18.65 yuan per share.

Shareholders holding "Lizhong Convertible Bonds" after market close on December 16, 2025, will be subject to mandatory redemption at 100.39 yuan per bond. Investors are advised that the bonds will be delisted from the Shenzhen Stock Exchange following the redemption. Those wishing to convert their bonds must have a GEM board trading license.