Lygend Resources Issues 172.89 Million A Shares and Converts 1.01 Billion Domestic Shares, Expanding Total Share Capital to 1.73 Billion

Bulletin Express
1 hour ago

Lygend Resources & Technology Co., Ltd. (abbreviation: Lygend Resources; HKEX: 02245) disclosed its Monthly Return for the period ended 30 September 2026, highlighting a significant restructuring of its share capital through an A-share issuance and the full conversion of domestic shares.

Key Developments • On 30 September 2026, the company issued 172.89 million new A shares on the Main Board of the Shenzhen Stock Exchange at RMB 21.23 per share, implying gross proceeds of roughly RMB 3.67 billion. • Simultaneously, 1.01 billion existing domestic shares were converted into A shares. • Following the two transactions, the A-share class increased to 1.18 billion, while the domestic-share class was eliminated.

Capital Structure After the Transactions • Total issued shares: 1.73 billion (par value RMB 1 each). – A shares: 1.18 billion (68.1% of total). – H shares: 550.69 million (31.9% of total). • Authorised/registered share capital stood at RMB 1.73 billion.

Public Float and Compliance • The H-share public float remains in compliance with Hong Kong Listing Rule 13.32D, exceeding the minimum requirement of 15.31% for the class. • The company reported no treasury shares, share options, warrants, or convertibles outstanding during the month.

Corporate Governance All share movements were approved at the shareholders’ meeting held on 23 June 2025 and were executed in accordance with relevant listing rules, regulatory requirements, and corporate authorisations.

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