Pengo Holdings Group Limited (01865.HK) has filed a Next Day Disclosure Return with the Hong Kong Stock Exchange dated 12 March 2026, detailing a material change in its share capital following the conversion of outstanding convertible bonds.

On 12 March 2026, holders of the company’s convertible bonds issued on 31 December 2025 exercised conversion rights, resulting in the allotment and issuance of 75.23 million new ordinary shares at a conversion price of HK$0.218 per share. The transaction implies equity issued equivalent to approximately HK$16.41 million.

Post-conversion, Pengo Holdings’ outstanding share count increased from 988.34 million to 1.06 billion shares, marking a 7.61% expansion in the company’s issued share capital. The company reported no treasury shares before or after the event, and confirmed that no share repurchases or on-market sales of treasury shares occurred during the period.

The board has certified that the share issuance complied with all relevant provisions of the Hong Kong Listing Rules and applicable regulations, and that all proceeds associated with the conversion have been duly received.