LY iTECH(SZ:002600) Shang Hai Zheng Quan Bao·2025-09-22 20:26Core Viewpoint - Guangdong Lingyi Intelligent Manufacturing 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 [4][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][7]. - The conditions for redemption were met as the company's stock price closed at or above 130% of the conversion price for 15 out of 30 consecutive trading days [4][5]. - The redemption will be executed for all outstanding bonds that are not converted by the redemption registration date of October 14, 2025 [3][11]. Redemption Schedule - Key dates include: - Redemption condition satisfaction date: September 8, 2025 - Last trading day for "Lingyi Convertible Bonds": October 10, 2025 - Redemption registration date: October 14, 2025 - Redemption date: October 15, 2025 - Funds credited to the issuer's account: October 20, 2025 - Redemption proceeds credited to bondholders' accounts: October 22, 2025 [3][10][11]. Redemption Process - The company will issue daily announcements regarding the redemption until the redemption date [10]. - After the redemption, "Lingyi Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [11]. Additional Information - Bondholders must process conversion requests through their respective securities firms, and any fractional shares resulting from conversions will be settled in cash [13]. - The company has confirmed that there were no other transactions involving "Lingyi Convertible Bonds" by major shareholders or executives in the six months leading up to the redemption condition satisfaction [12].