On January 26, 2026, SINO-OCEAN GP allocated and issued 1.0449 million new shares pursuant to the conversion of its Series B zero-coupon mandatory convertible bonds due 2027, which were originally issued on March 27, 2025. Additionally, the company allocated and issued 4.4606 million new shares following the conversion of its Series D zero-coupon mandatory convertible bonds due 2027, also issued on March 27, 2025.