Times China Holdings Limited reported a net issuance of 1.07 million ordinary shares in April 2026, lifting its outstanding share count to 2.92 billion. The increase stemmed entirely from conversions of two zero-coupon mandatory convertible bonds (MCB I and MCB II) issued on 28 November 2025.

MCB I (HKD 6 conversion price) saw USD 0.26 million of principal converted during the month, generating 343,590 new shares. MCB II (HKD 10 conversion price) recorded USD 0.93 million in conversions, adding 727,364 shares. Post-conversion, the remaining principals stood at USD 790.90 million for MCB I and USD 240.73 million for MCB II, with combined potential to create up to 1.22 billion additional shares if fully converted.

Authorised share capital stayed unchanged at 10 billion ordinary shares with a par value of HKD 0.10, maintaining aggregate authorised capital of HKD 1.00 billion. No treasury shares were held or cancelled during the period.

The company confirmed compliance with Hong Kong’s minimum 25% public-float requirement as at 30 April 2026.