Tinci materials announces early redemption of convertible bonds

Guangzhou Tinci Materials Technology Co., Ltd. has announced the early redemption of its "Tianci convertible bonds," which will cease trading on November 27, 2025, and stop converting on December 2, 2025. Unconverted bonds will be mandatorily redeemed at CNY 100.29 per bond. The company triggered the conditional redemption clause after its A-share stock price met the 130% threshold of the current conversion price (CNY 28.50 per share), specifically reaching CNY 37.05 per share, for 15 trading days between September 29 and November 11, 2025.

The redemption price of CNY 100.29 per bond includes accrued interest. Given the potential for a significant difference between this redemption price and current secondary market prices, investors are strongly advised to convert or sell their bonds before the December 2, 2025, deadline to avoid potential losses. Bonds that are pledged or frozen should be released before this date to enable conversion.

The company will proceed with the delisting of the "Tianci convertible bonds" from the Shenzhen Stock Exchange after the redemption is completed. Funds for the redemption are expected to reach the company on December 8, 2025, and bondholders' accounts by December 10, 2025.