Country Garden issues 147.39 million new shares on conversion of zero-coupon MCBs

Bulletin Express05-11

Country Garden Holdings Company Limited disclosed that 147.39 million new ordinary shares were issued on 11 May 2026 following conversions of its zero-coupon mandatory convertible bonds (MCBs).

The issuance comprised: 1. 133.21 million shares from the conversion of MCB (A), priced at HKD 2.60 per share, representing 0.2932% of the company’s pre-event issued share capital. 2. 14.18 million shares from the conversion of MCB (C), priced at HKD 1.10 per share, adding a further 0.0312%.

Prior to the conversions, Country Garden had 45.43 billion shares outstanding. Post-conversion, the total issued share count rose to 45.58 billion, enlarging the share base by 0.32%.

The company confirmed that the conversions were duly authorised by the board and conducted in full compliance with Hong Kong Listing Rules and applicable regulations. No treasury shares were involved, and no share repurchases or cancellations were reported as of the closing balance date.

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