SINO-OCEAN GP (03377) has announced the allotment and issuance of new shares resulting from the conversion of its zero-coupon mandatory convertible bonds. On February 23, 2026, the company issued 1.6832 million new shares following the conversion of its Series B bonds due 2027, which were originally issued on March 27, 2025. On the same date, an additional 90,200 new shares were issued from the conversion of the Series C bonds due 2027, also issued on March 27, 2025. Furthermore, 223,000 new shares were allotted and issued from the conversion of the Series D bonds due 2027, which were issued on the same date in 2025. In total, the company issued 1.9964 million new shares.