Tianci Materials redeems convertible bonds, delisting December 11

Guangzhou Tinci Materials Technology Co. has concluded the redemption of its "Tianci convertible bonds" (bond code: 127073). The bonds will cease trading on November 28, 2025, and stop conversion on December 3, 2025. The redemption date was December 3, 2025, with funds expected to reach bondholders by December 10, 2025. The bonds will be delisted from the Shenzhen Stock Exchange on December 11, 2025, as confirmed by both an announcement on redemption results and a separate delisting notice.

The company exercised its conditional redemption right after the stock price met the trigger criteria between September 29, 2025, and November 11, 2025. The redemption price was set at yuan 100.29 per bond, including a current annual interest rate of 1.50%. According to data from China Securities Depository and Clearing Corporation, 29,017 bonds remained untransferred, leading to a total redemption payment of yuan 2,910,114.93.

The full redemption means that the "Tianci convertible bonds" will no longer be traded. The cumulative conversion of these bonds has increased the company’s total share capital by 119,556,335 shares, leading to a total of 2,033,891,587 shares as of December 2, 2025. This increase is expected to dilute earnings per share in the short term.