LY iTECH(SZ:002600) Shang Hai Zheng Quan Bao·2025-09-15 19:28Core 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 redemption conditions based on stock 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 triggering the redemption were met as the stock price was at least 130% of the conversion price for 15 out of 30 consecutive trading days [5][6]. - The redemption process includes a series of key dates: trading will stop on October 10, 2025, and the redemption will occur on October 15, 2025 [4][14]. Redemption Conditions - The company has the right to redeem the bonds if either of the following conditions is met: the stock price remains above 130% of the conversion price for 15 trading days, or the remaining balance of unconverted bonds is less than 30 million CNY [6][7]. Redemption Implementation - The redemption will be executed for all registered bondholders as of the redemption registration date, October 14, 2025 [11]. - The funds from the redemption will be credited to the company's account by October 20, 2025, and to the bondholders' accounts by October 22, 2025 [4][14]. Additional Information - The company will provide daily announcements regarding the redemption until the redemption date [12]. - Bondholders must handle conversion requests through their respective securities firms, and any fractional bonds will be settled in cash [15].