TIMES CHINA HOLDINGS LIMITED (01233) announced the issuance of 14.6401 million shares due to the conversion of non-interest bearing mandatory convertible bonds maturing in 2027, which were issued on November 28, 2025; additionally, 2.3312 million shares were issued as a result of the conversion of non-interest bearing mandatory convertible bonds ("Mandatory Convertible Bonds II") maturing in 2027, also issued on November 28, 2025.