J&T Global Express Limited (極兔速遞環球有限公司, Stock Code: 1519) and Bolt Innovation Limited (the “Issuer”) jointly published details of a HK$4,650,000,000 zero coupon guaranteed convertible bonds due 2033, bearing stock code 40077 on the Hong Kong Stock Exchange. These bonds are unconditionally and irrevocably guaranteed by J&T Global Express Limited.

According to the announcement, the nominal annual coupon is zero, with a maturity date of February 5, 2033. Unless previously redeemed, converted, or purchased and canceled, each bond is to be redeemed at 102.66% of its principal amount on maturity. The bonds carry conversion rights at an initial conversion price of HK$14.55 per share into class B ordinary shares of J&T Global Express Limited. The initial listing date of the bonds on the Hong Kong Stock Exchange is expected to commence on February 6, 2026, and the anticipated net proceeds are approximately HK$4,596 million.

Morgan Stanley, BofA Securities, and J.P. Morgan were named as joint global coordinators, joint lead managers, and joint bookrunners for this issuance. The bonds were issued on February 5, 2026, and the accompanying offering circular was dated February 2, 2026.