Tinci Materials announces early redemption of convertible bonds

Guangzhou Tinci Materials Technology Co., Ltd. announced the early redemption of its convertible bonds, "Tianci convertible bonds," following the trigger of conditional redemption clauses. The last trading day for these bonds will be November 27, 2025, after which trading will cease. The final conversion date for investors to convert their bonds into shares is December 2, 2025. Unconverted bonds will be mandatorily redeemed at a price of CNY 100.29 per bond (inclusive of interest and tax) on December 3, 2025.

The company's decision to exercise its early redemption right was approved at the Sixth Board of Directors' Thirty-Seventh Meeting on November 11, 2025. This action follows the satisfaction of the conditional redemption terms, where the company's A-share stock price closed at or above 130% of the current conversion price (CNY 28.50 per share, i.e., CNY 37.05 per share) for at least 15 trading days within a 30-trading-day period from September 29, 2025, to November 11, 2025.

Investors are strongly advised to convert their "Tianci convertible bonds" into shares before the December 2, 2025, deadline, as the current secondary market price of the bonds may differ significantly from the redemption price. Failure to convert by the deadline could result in financial losses, and bonds held under pledge or freeze should be released before the conversion cut-off date to avoid forced redemption.