On 7 July 2026, Towngas Smart Energy Company Limited redeemed in full its unsecured convertible bonds originally issued in November 2021 and due in 2026.

The company paid HK$2.23 billion to the sole bondholder, comprising the principal of RMB1.84 billion (converted at the agreed rate of RMB0.8277:HK$1.00) and accrued but unpaid interest up to, but excluding, the maturity date.

The redemption was financed through a combination of internal resources and existing banking facilities. Following settlement, all bonds have been cancelled, eliminating future interest expenses related to this instrument.

Management stated that the transaction is not expected to have any material adverse impact on the group’s financial position.