China Aoyuan issues 1.14 million new shares from 2028 mandatory CB conversion; share base rises 0.03%

Bulletin Express04-29

China Aoyuan Group Limited disclosed that on 29 April 2026 it allotted 1.14 million new ordinary shares following three separate conversions of its mandatory convertible bonds due 2028.

• Share conversion details – 151,819 shares, 76,752 shares and 912,430 shares were issued at a conversion price of HKD 0.66 per share. – The total uplift represents approximately 0.03 % of the company’s pre-event issued share capital.

• Capital structure impact – Issued shares increased from 4,598.21 million to 4,599.35 million. – No treasury shares were outstanding either before or after the conversion.

• Cash proceeds Based on the stated conversion price, the share issuance equates to HKD 0.75 million in equity value transferred from the convertible bonds to ordinary share capital.

The company confirmed that the conversions were duly authorised by the board and complied with all relevant listing rules and legal requirements.

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