Shenzhen Xunce Technology Co., Ltd. (XUNCE) reported a moderate expansion of its equity base for August 2026, driven exclusively by partial conversion of its outstanding zero-coupon convertible bonds due 2027.
The company’s issued H-share count rose by 839,540 shares during the month, lifting the total to 275.30 million. All newly issued shares stemmed from the conversion of RMB 90.00 million (c. USD-settled) out of the original RMB 1.36 billion convertible bond tranche listed under code 40565. Following the transaction, RMB 1.27 billion of the notes remain outstanding, carrying the right to be exchanged into a further 11.85 million H shares at the preset conversion price of HKD 123.86 per share.
Authorised share capital for H shares increased in lockstep with issuance, finishing August at 275.30 million shares with a par value of RMB 1 each. Unlisted domestic shares were unchanged at 55.52 million, keeping total authorised and registered share capital at 330.82 million shares.
Management affirmed that the company continues to meet Hong Kong’s minimum public-float requirement of 15 percent for the H-share class. No treasury shares were held or cancelled during the period, and no share options or warrants were outstanding. While XUNCE’s share award scheme, adopted on 26 June 2026, allows for up to 32.27 million H shares to be issued or transferred in future, no shares have yet been granted under this plan.
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