TINCI(SZ:002709) Shang Hai Zheng Quan Bao·2025-12-01 19:12Core Viewpoint - The company, Guangzhou Tinci Materials Technology Co., Ltd., has announced the early redemption of its convertible bonds, "Tinci Convertible Bonds," with specific dates and conditions for trading and conversion [2][4][5]. Group 1: Redemption Details - The last trading day for "Tinci Convertible Bonds" is November 27, 2025, after which trading will cease [2][4]. - The last conversion day is December 2, 2025, where bondholders can still convert their bonds before the market closes [2][4]. - The redemption price is set at 100.29 CNY per bond, which includes interest and tax [4][16]. Group 2: Redemption Schedule - The redemption conditions were met on November 11, 2025, allowing the company to exercise its right for early redemption [5][14]. - The redemption registration date is December 2, 2025, and the actual redemption will occur on December 3, 2025 [4][22]. - The funds from the redemption will be credited to the company's account by December 8, 2025, and to bondholders' accounts by December 10, 2025 [4][22]. Group 3: Bond Issuance and Trading - The company issued 34,105,000 convertible bonds on September 23, 2022, with a total amount of 3.41 billion CNY [6][7]. - The bonds were listed for trading on the Shenzhen Stock Exchange starting October 27, 2022 [7]. - The conversion period for the bonds began on March 29, 2023, and will end on September 22, 2027 [8]. Group 4: Conversion Price Adjustments - The conversion price has been adjusted multiple times, with the latest adjustment setting it at 28.88 CNY per share effective November 15, 2023 [11]. - The conversion price will be further adjusted based on future corporate actions, such as equity distributions [10][12].