SUNEVISION Affirms 10% Public Float Compliance After SHKP Converts HK$1.72 Billion Notes

Bulletin Express10-27 18:42

Hong Kong, 27 October 2026—SUNEVISION HOLDINGS LTD. confirmed that Sun Hung Kai Properties (SHKP) Group has fully converted its outstanding convertible notes, triggering the issue and allotment of 1.72 billion new shares on the conversion date.

Post-conversion, SHKP controls 3.45 billion shares, equivalent to 84.47 % of SUNEVISION’s enlarged share capital. Core connected persons hold 17.27 million shares (0.42 %), while the public owns 616.87 million shares (15.10 %).

Despite the free float falling below the conventional 25 % threshold, SUNEVISION meets the Hong Kong Listing Rule 13.32B “Alternative Threshold” criteria: • Public shareholding exceeds 10 % of issued capital (actual: 15.10 %). • The market value of public shares, calculated using the 125-day volume-weighted average price of HK$5.4021 per share, totals HK$3.33 billion—well above the HK$2.21 billion required for 10 % of issued shares.

Effective immediately, SUNEVISION will rely on the 10 % alternative public-float threshold rather than the standard 25 %. Ongoing disclosures of public-float levels will be provided in the company’s monthly returns and annual reports in line with Listing Rules.

The board currently comprises four Executive Directors, six Non-Executive Directors, and six Independent Non-Executive Directors. Company Secretary Noel Lok signed the update on behalf of the board.

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