CTF Services Limited (stock code: 00659) Announces Early Redemption of HK$850.00 million Convertible Bonds

Bulletin Express02-27

CTF Services Limited (stock code: 00659) announced the early redemption of its HK$850.00 million 2.80% Convertible Bonds due 2027. According to the announcement dated 27 February 2026, the total outstanding principal amount stood at HK$212.00 million at the time of disclosure.

The company stated that all outstanding bonds would be redeemed at their principal amount, plus any accrued but unpaid interest, on the option date of 18 April 2026. Bondholders may exercise conversion rights at a conversion price of HK$6.69 per share until 14 April 2026, with the price set to adjust to HK$6.48 per share effective 21 March 2026. The closing price of the shares on the date of the notice was HK$8.94.

In the event all outstanding bonds are converted at HK$6.48 per share, an additional 32.72 million new shares would be issued, representing approximately 0.72% of the company’s share capital before and after the conversion. The redemption settlement is scheduled for 20 April 2026, and the bonds are expected to be delisted from the Vienna Stock Exchange on or around the same date.

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