Times China Holdings Limited disclosed that its issued share base expanded by 4.47 million ordinary shares in September 2026, driven entirely by the ongoing conversion of its zero-coupon Mandatory Convertible Bonds (MCBs) due 2027.

At month-end, total issued shares (excluding treasury shares) rose to 3.00 billion from 2.99 billion, a 0.15% increase. The company continues to maintain full compliance with Hong Kong’s 25% minimum public-float requirement, and it reported no treasury shares on hand.

Conversion activity came from two U.S.-dollar-denominated instruments launched on 28 November 2025:

1. MCB I • Outstanding principal fell by USD 1.79 million to USD 707.82 million. • 2.33 million new shares were issued during the month at a conversion price of HKD 6.00. • Post-conversion, 920.16 million shares remain potentially issuable under this tranche.

2. MCB II • Outstanding principal declined by USD 2.74 million to USD 219.41 million. • 2.14 million new shares were issued at a conversion price of HKD 10.00. • 171.14 million shares remain available for future conversion.

Authorised share capital was unchanged at 10.00 billion shares with a par value of HKD 0.10, equivalent to HKD 1.00 billion.

No movements were recorded in share options, warrants, other equity-linked instruments, or treasury shares during the period. The company confirmed that all regulatory and listing rule requirements were met in respect of the month’s share issuances.