CISI FIN Acquires US$17.00 Million Tencent 5.6% 2046 Notes; Triggers Discloseable Transaction Threshold

Bulletin Express
11/05

China Industrial Securities International Financial Group Limited (CISI FIN, 06058) disclosed that its indirect wholly owned unit, CISI Investment Ltd., bought Tencent Holdings Limited’s 5.6% senior notes due 16 June 2046 in the open market between 9 June 2026 and 4 November 2026.

• Transaction size: Aggregate principal purchased reached US$17.00 million (HK$133.45 million), settled for a total consideration of US$16.65 million (HK$130.68 million), reflecting an average purchase price of about 97.93% of par. • Funding: Entirely from internal resources. • Note details: Tencent’s US$700.00 million 5.6% senior notes, originally issued at 99.571% of par, mature on 16 June 2046.

Regulatory implications: Although each individual purchase was below the 5% threshold under Hong Kong Listing Rule 14.07, the latest US$2.00 million tranche acquired on 4 November 2026, when aggregated with four earlier purchases totalling US$15.00 million in principal between 9 June and 17 September 2026, pushed one of the percentage ratios above 5% but below 25%. Consequently, the series of acquisitions constitutes a discloseable transaction requiring announcement but not shareholder approval.

Strategic rationale: Management states the investment aligns with the group’s strategy to diversify its portfolio and seek stable returns within acceptable risk limits.

Issuer profile: Tencent Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, derives revenue mainly from value-added services, online advertising, and fintech & business services. The largest shareholder, MIH Internet Holdings B.V., holds approximately 22.60%.

CISI FIN remains focused on wealth management, corporate finance, asset management, and proprietary investments. The board considers the note purchases fair, reasonable, and in the interests of shareholders.

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