FIRST CAP GP Reports Stable Share Capital in September; 3.72 Billion Shares Still Underlying Outstanding Convertible Bonds

Bulletin Express
Oct 02

For the month ended 30 September 2026, China First Capital Group Limited (FIRST CAP GP) reported no changes to its share capital structure, according to its latest Monthly Return filed with Hong Kong Exchanges and Clearing Limited on 2 October 2026.

Authorised and Issued Share Capital • Authorised share capital remained at 10.00 billion ordinary shares with a par value of HKD 0.10, equivalent to HKD 1.00 billion. • Issued share capital stood unchanged at 1.85 billion ordinary shares. The company held no treasury shares. • Public float compliance was confirmed, exceeding the Main Board’s 25% requirement.

Equity-Linked Instruments • Share options: 10.00 million options granted under the scheme terminated on 9 June 2021 remain outstanding and exercisable at an adjusted price of HKD 1.50 per share until 15 June 2030. No grants, exercises, cancellations, or lapses occurred during the month. • An additional 100.54 million shares may be issued under the existing share option scheme approved on 9 June 2021. • Convertible bonds: HKD 700.00 million of bonds (conversion price HKD 0.188) were unchanged, with no conversions, redemptions, or cancellations. Full conversion would equate to 3.72 billion new shares, more than doubling the current share base.

Capital Movements • No shares were issued, repurchased, cancelled, or transferred during the reporting period. • Total funds raised from equity-linked instruments in September were HKD 0.

The filing underscores a stable equity position for FIRST CAP GP while highlighting potential dilution from outstanding options and convertible bonds should they be exercised or converted in the future.

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