LY iTECH(SZ:002600) Shang Hai Zheng Quan Bao·2025-09-29 21:29Summary of Key Points Core Viewpoint - 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, which will take effect on October 15, 2025 [4][5]. Redemption Overview - The redemption price for "Lingyi Convertible Bonds" is set at 100.181 CNY per bond, including accrued interest at an annual rate of 0.20% [2][8]. - 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 [5][6]. Redemption Schedule - Key dates for the redemption process include: - Redemption condition satisfaction date: September 8, 2025 [3] - Last trading day: October 10, 2025 [13] - Redemption registration date: October 14, 2025 [3] - Conversion suspension date: October 15, 2025 [14] - Redemption date: October 15, 2025 [14] - Funds credited to the issuer: October 20, 2025 [14] - Redemption funds credited to bondholders: October 22, 2025 [14] Redemption Conditions - The company has the right to redeem all or part of the unconverted bonds if the stock price conditions are met or if the remaining balance of unconverted bonds is less than 30 million CNY [6][7]. H-share Issuance Plan - The company is planning to issue H-shares and list them on the Hong Kong Stock Exchange to enhance its international presence and competitiveness [17][18]. - The plan is still in discussion with relevant intermediaries, and specific details have yet to be finalized [17][18].