On September 25, 2026, following a new share issuance by KAISA GROUP (01638), Elliott Investment Management GP LLC's long position was passively diluted. The issuance of 1,246,154,537 new shares resulted from the conversion of Mandatory Convertible Bonds (MCBs), as disclosed by the declarant. The long position holding count remained unchanged at 1.08 billion shares.
Prior to the dilution, Elliott Investment Management GP LLC held 1.08 billion shares in KAISA GROUP, representing 9.47% of the total issued shares. After the issuance, the holding count stayed at 1.08 billion shares, while the long position ratio dropped to 8.53%.