On January 29, 2026 (before the trading session), Zoomlion Heavy Industry Science And Technology Co.,Ltd. (01157) entered into a subscription agreement with the arrangers. Under this agreement, the company has consented to issue convertible bonds to the arrangers or as they direct. The arrangers, acting severally and not jointly, have agreed to subscribe for, or to procure subscribers for, convertible bonds with a total principal amount of RMB 6 billion (approximately HKD 6.745 billion, based on a fixed exchange rate) and to pay the corresponding subscription price, subject to the terms of the agreement.
Following a bookbuilding process conducted after the trading session on January 28, 2026, the final terms of the convertible bonds were determined by the arrangers. These terms include, but are not limited to, the principal amount and the initial conversion price.
The bonds are convertible into H shares according to their terms and conditions, with an initial conversion price set at HKD 10.02 per H share (subject to adjustment). Assuming full conversion of the bonds at the initial price of HKD 10.02 per H share, they would be convertible into approximately 673 million H shares.
This conversion would represent approximately (i) 43.36% of the total issued H shares and 7.78% of the total issued share capital as of the announcement date, and (ii) 30.25% of the enlarged total issued H shares and 7.22% of the enlarged total issued share capital following the full conversion of the bonds. The conversion shares will be fully paid and will rank equally in all respects with the company's issued H shares on the relevant record date.
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