April 8, 2026 – Ever Glory United Holdings Limited (stock code not disclosed) has issued 17,241,362 new ordinary shares following the conversion of S$5 million in principal amount of its outstanding convertible bonds at the pre-set conversion price of SGD 0.29 per share.

The share issuance lifts the company’s issued and paid-up capital to 398,784,219 ordinary shares from 381,542,857 previously, excluding any treasury shares. The conversion shares are expected to begin trading on the Singapore Exchange at 9:00 a.m. on April 20, 2026, and will rank pari passu with existing shares, except for any entitlements with a record date prior to the respective registration dates.

Bondholders who converted will be eligible for the board-recommended final dividend of 1.0 Singapore cent per share, subject to shareholder approval at the annual general meeting scheduled for April 27, 2026. They will also qualify for the proposed one-for-four bonus issue announced on March 2, 2026, which, based on the enlarged share base, would result in approximately 99.70 million bonus shares being distributed, pending regulatory and shareholder approvals.

The company first issued the convertible bonds in March 2025; no adjustment to the conversion price was announced in the latest filing. Ever Glory United said further updates on the bonus issue and dividend payment date will be released in due course.