LY iTECH(SZ:002600) Zheng Quan Zhi Xing·2025-09-01 16:27Core Viewpoint - The company, Guangdong Lingyi Intelligent Manufacturing Co., Ltd., has announced that its convertible bond, "Lingyi Convertible Bond," is expected to meet the conditions for redemption due to the stock price performance over the past 30 trading days [1][4]. Summary by Sections Convertible Bond Basic Information - The company issued 21,374,181 convertible bonds with a face value of 100 RMB each, raising a total of up to 2,137.4181 million RMB [2]. - The bonds will be listed on the Shenzhen Stock Exchange starting December 6, 2024, under the name "Lingyi Convertible Bond" and code "127107" [2]. - The conversion period for the bonds is from May 22, 2025, to November 17, 2030 [2][3]. Conditional Redemption Terms - The company has the right to redeem all or part of the unconverted bonds if either of the following conditions is met: 1. The stock price is at least 130% of the conversion price for at least 15 out of 30 consecutive trading days [4]. 2. The unconverted balance of the bonds is less than 30 million RMB [4]. Expected Trigger for Conditional Redemption - From August 19, 2025, to September 1, 2025, the company's stock has closed at or above 11.87 RMB (130% of the conversion price) for 10 out of 30 trading days, indicating a potential trigger for the redemption clause [4][5]. Other Matters - Investors seeking more information about the "Lingyi Convertible Bond" can refer to the full prospectus available on the company's official disclosure platform [4].