Shimao Group Monthly Return: Share Capital Stable, USD 875.56 million Mandatory Convertibles Remain Outstanding

Bulletin Express
04/02

For the month ended 31 March 2026, Shimao Group Holdings Limited (incorporated in the Cayman Islands) reported no change in either authorised or issued share capital.

Authorised Capital • Total authorised share capital stood at HKD 2.50 billion, representing 25 billion ordinary shares with a par value of HKD 0.10 each—unchanged from the previous month.

Issued Shares and Public Float • Issued ordinary shares remained at 9,172,915,216. • No treasury shares were held, bought back or cancelled. • The company confirmed compliance with the Main Board’s minimum 25 % public-float requirement.

Convertible Securities • USD 875.56 million Zero-Coupon Mandatory Convertible Bonds due 2026, issued on 21 July 2025, were outstanding at month-end. • The conversion price is set at USD 6.00 (equivalent to HKD 6.00 based on the fixed exchange rate of USD 1 = HKD 7.82). • Full conversion would allow the issuance of up to 1.14 billion new shares, although no conversions occurred during March.

Other Instruments • The company had no share-option schemes, warrants or other share-issuance arrangements in force during the period.

Overall, Shimao Group closed March 2026 with a stable equity structure and adequate public float, while its outstanding mandatory convertibles continue to represent the primary source of potential future dilution.

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