KAISA GROUP (01638.HK) Finalises Consent Solicitation, Activates Supplemental Indentures and Schedules Apr-1 Record Date for US$23.45 Million Share-Settled Interest

Bulletin Express03-17

KAISA GROUP HOLDINGS LTD. (01638.HK) announced on 17 Mar 2026 that it has secured the requisite consents from noteholders, executed supplemental indentures for all affected series of its offshore notes and paid the associated consent fee. The amendments are now effective and binding on all holders, including those that did not consent.

The company has fixed 1 Apr 2026 as the special record date for the December 2025 cash interest amount, totalling US$23.45 million (HK$182.88 million). Instead of cash, the interest will be settled through the allotment and issuance of new shares—labelled “December 2025 Interest Payment Shares”—on 16 Apr 2026.

Under the settlement mechanics, KAISA will register HSBC Nominees and Citi Nominees as shareholders, issue physical certificates to them, and rely on Euroclear and Clearstream to deposit the shares into CCASS for onward distribution to eligible noteholders. Once the shares are issued, the company’s obligation to pay the December 2025 interest will be deemed fulfilled.

Management reiterated that the announcement does not constitute an offer to buy or sell securities and advised shareholders, noteholders and potential investors to exercise caution when dealing in the company’s securities.

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