Liyang Chip(688135.SH): Early redemption of "Liyang Convertible Bond"

NightAirdropper · 2026-03-11T23:03:53+00:00

Liyang Chip announced that the conditional redemption clause of its convertible bonds has been triggered. A board meeting will be held on March 9, 2026, to decide on the early redemption of the "Liyang Convertible Bonds." Investors may trade on the secondary market and also face the risk of forced redemption.

NightAirdropper

2026-03-11 23:03:53

Abstract generation in progress

Gelonghui, March 9 — Liyang Chip (688135.SH) announced that from February 9, 2026, to March 9, 2026, the stock of Guangdong Liyang Chip Testing Co., Ltd. has met the condition of having at least fifteen trading days with closing prices not lower than 130% of the current conversion price (i.e., 20.956 yuan per share) within thirty consecutive trading days, triggering the conditional redemption clause specified in the “Prospectus for the Public Issuance of Convertible Bonds by Guangdong Liyang Chip Testing Co., Ltd.”

The company held the 19th meeting of the fourth board of directors on March 9, 2026, where it approved the “Proposal for Early Redemption of ‘Liyang Convertible Bonds’,” deciding to exercise the early redemption right and redeem all registered “Liyang Convertible Bonds” at the price of face value plus accrued interest on the redemption registration date.

Investors holding “Liyang Convertible Bonds” can continue trading them in the secondary market within the specified period or convert them at the conversion price of 16.12 yuan per share. However, they can only be forcibly redeemed at a face value of 100 yuan per bond plus accrued interest. In the event of forced redemption, investors may face significant losses.

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