ALPHA PRO HLDGS (00948) has announced that all conditions have been satisfied, and the debt capitalization was completed on March 3, 2026. This action pertains to the company's proposal to issue 35 million new capitalization shares at a discount of approximately 15.15% to settle part of its debt amounting to HK$9.8 million. A total of 35 million capitalization shares have been allotted and issued to the subscriber at an issue price of HK$0.28 per share.