On 17 October 2025, Towngas Smart Energy Company Limited (Stock Code: 1083) announced an adjustment to the conversion price of its convertible bonds. The conversion price has been lowered from HK$5.94 per share to HK$5.92 per share, effective from the date of issue of scrip shares at HK$3.998 per share. These scrip shares relate to the interim dividend of HK5 cents per share for the six months ended 30 June 2025.

The outstanding principal amount of the convertible bonds stands at RMB1,835,603,119.35 (equivalent to HK$2,217,715,500). Based on the adjusted conversion price, the maximum number of new shares issuable upon full conversion increases to 374,614,104 shares, compared with the previous 373,352,777 shares. An additional 1,261,327 shares will be allotted and issued under the existing General Mandate granted on 27 May 2021, which remains sufficient to cover the total number of shares resulting from full conversion. The adjustment does not affect any other terms of the convertible bonds.