Tinci materials to redeem convertible bonds early

Guangzhou Tinci Materials Technology announced the early redemption of its "Tianci convertible bonds." The last trading day for the bonds is set for November 27, 2025, after which trading will be suspended. The final conversion date for bondholders to convert their bonds into shares is December 2, 2025.

Bonds not converted by the December 2, 2025 deadline will be compulsorily redeemed at a price of 100.29 yuan per bond, including interest and tax. This redemption price is significantly lower than current secondary market prices, posing a risk of loss for investors who fail to convert or sell their bonds in time. The company's board decided on this early redemption after the convertible bonds' conditional redemption clause was triggered.

The company advises investors to resolve any pledge or freezing of their bonds before the conversion halt to avoid forced redemption. Following the redemption, "Tianci convertible bonds" will be delisted from the Shenzhen Stock Exchange.