KIDZTECH Issues 125 Million Shares Following Conversion of Convertible Bonds

Stock News03-02

KIDZTECH (06918) announced that on February 24, 2026, the company received a conversion notice from Ren Xiang regarding the exercise of conversion rights attached to convertible bonds. The notice involved converting HK$20 million in principal amount of the bonds into shares at a conversion price of HK$0.160 per share. Consequently, on March 2, 2026, in accordance with the terms and conditions of the convertible bonds, Ren Xiang was allotted 125 million conversion shares. This represents approximately 16.67% of the total issued shares immediately prior to the conversion and about 14.29% of the total issued share capital as enlarged by the issuance of the conversion shares. The conversion shares rank equally in all respects with the other shares issued on the allotment date and carry identical rights, including entitlement to dividends. Following the allotment and issuance of the conversion shares, the company's total number of issued shares will increase by 125 million shares to 874 million shares.

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