SUNAC Adds 196.44 Million Shares in March 2026 After Mandatory Convertible Bond Conversion

Bulletin Express04-02

Sunac China Holdings Limited reported that 196.44 million new ordinary shares were issued in March 2026 following partial conversion of its zero-coupon mandatory convertible bonds due 2026 (MCB 1).

The monthly return filed with the Hong Kong Stock Exchange shows:

• Issued share capital rose to 16.65 billion shares from 16.46 billion shares at end-February, an increase of 1.19%. • Authorised share capital remained unchanged at 30 billion shares with a par value of HKD 0.10, equivalent to HKD 3.00 billion. • All shares continue to meet the 25% minimum public-float requirement.

Convertible bond activity MCB 1 decreased by USD 171.25 million during the month to USD 2.98 billion, triggering the issuance of 196.44 million shares at a conversion price of HKD 6.80. Outstanding MCB 1 principal can still be exchanged for up to 3.42 billion shares.

The second series, MCB 2—zero-coupon bonds due 2028—was unchanged at USD 2.40 billion, carrying an option to convert into roughly 4.86 billion shares at HKD 3.85.

No share repurchases, treasury share movements, warrants, share options, or other equity instruments were reported for the month.

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