Country Garden Issues 1.23 Million New Shares on Convertible Bond Conversions

Bulletin Express08-28 16:50

Country Garden Holdings Company Limited (Country Garden) announced a minor expansion of its share capital after two series of zero-coupon mandatory convertible bonds (MCBs) were partially converted into ordinary shares on 28 August 2026.

• MCB (A), maturing 30 June 2031, was converted into 473,127 shares at HKD 2.60 per share, adding 0.001% to the pre-event issued share base.

• MCB (B), maturing 30 June 2034, was converted into 756,123 shares at HKD 10.00 per share, increasing the pre-event share base by 0.0016%.

The combined 1,229,250 new shares represent a 0.0026% uplift, taking Country Garden’s issued shares (excluding treasury shares) from 46.67 billion to 46.67 billion. The company reported no treasury shares held, repurchased, or sold during the period.

Management confirmed that all conversions were properly authorised and executed in full compliance with Hong Kong Stock Exchange listing rules and relevant legal requirements.

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