Zoomlion (01157) Plans to Issue Up to RMB 6 Billion Convertible Bonds with Initial Conversion Price of HK$9.75 per H Share

Stock News11-25

Zoomlion (01157) announced on November 25, 2025, that the company has entered into a Placement Agency Agreement with placement agents. The agreement stipulates that Zoomlion will issue convertible bonds totaling no more than RMB 6 billion (approximately HK$6.577 billion).

Under the terms of the agreement, the placement agents will make reasonable efforts to secure at least six placees to subscribe to the convertible bonds at 100% of the principal amount. The placees will enter into a Subscription Agreement with the company and other underwriters to purchase the bonds and make corresponding payments, or arrange for subscribers to do so.

According to the Placement Agency Agreement and subject to its terms and conditions, Zoomlion and the placement agents have agreed that bondholders will have the right to convert their bonds into fully paid H shares at an initial conversion price of HK$9.75 per H share (subject to adjustments).

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