TG SMART ENERGY has announced the redemption of its convertible bonds due in 2026.

On the maturity date of July 7, 2026, the company made a redemption payment of HK$2.229 billion to bondholders.

This payment amount represents the principal of the convertible bonds, which is RMB 1.836 billion, plus all accrued and unpaid interest up to but excluding July 7, 2026.

The total was converted at an agreed exchange rate of RMB 0.8277 to HK$1.00.

With this payment, the company has redeemed all of the outstanding convertible bonds in full.