LY iTECH(SZ:002600) Shang Hai Zheng Quan Bao·2025-09-09 21:41Summary of Key Points Core Viewpoint - The company, Guangdong Lingyi Technology Co., Ltd., has announced the early redemption of its convertible bonds, "Lingyi Convertible Bonds," due to the fulfillment of specific conditions related to the stock price performance [3][5]. Redemption Overview - The redemption price for "Lingyi Convertible Bonds" is set at 100.181 CNY per bond, which includes accrued interest at an annual rate of 0.20% [2][9]. - The conditions for early redemption were met as the stock price closed at or above 130% of the conversion price for at least 15 out of 30 consecutive trading days [5][6]. - The redemption process includes a series of key dates: - Last trading day: October 10, 2025 - Redemption registration date: October 14, 2025 - Redemption date: October 15, 2025 - Funds credited to the issuer: October 20, 2025 - Redemption proceeds credited to bondholders: October 22, 2025 [4][14]. Redemption Conditions - The company has the right to redeem the bonds if either of the following conditions is met: 1. The stock price remains at or above 130% of the conversion price for at least 15 trading days within a 30-day period. 2. The remaining balance of unconverted bonds is less than 30 million CNY [6][7]. Redemption Implementation - The company will notify bondholders of the redemption details through daily announcements leading up to the redemption date [12]. - All registered bondholders as of the redemption registration date will be eligible for the redemption [11]. - The company will publish the redemption results and delisting announcement within seven trading days after the redemption date [14]. Additional Information - Bondholders must process conversion requests through the securities company that holds their bonds, and any fractional shares resulting from conversion will be compensated in cash [15]. - The company has confirmed that there were no other transactions involving the bonds by major shareholders or executives in the six months leading up to the redemption condition being met [16].