Tinci Materials announces early redemption of convertible bonds

Guangzhou Tinci Materials Technology Co., Ltd. has announced the early redemption of its convertible bonds. The last trading day for the convertible bonds is November 27, 2025, after which they will cease trading. The final conversion date for investors to convert their bonds into shares is December 2, 2025. Unconverted bonds will be compulsorily redeemed at a price of CNY 100.29 per bond.

The company's decision to exercise its early redemption right follows the fulfillment of redemption conditions between September 29, 2025, and November 11, 2025. During this period, the company's stock price met the 130% threshold of the current conversion price of CNY 28.50 per share, reaching CNY 37.05 per share. The redemption price includes accrued interest calculated up to December 3, 2025.

Given the significant difference between the current market price of the bonds and the redemption price, investors who do not convert their bonds by December 2, 2025, may incur losses. Bonds will be delisted from the Shenzhen Stock Exchange following the redemption. Investors with pledged or frozen bonds are advised to unpledge or unfreeze them before the conversion deadline to avoid issues.