China Energy Development Holdings Limited (Stock code: 228) confirmed that the Capital Reorganisation will become effective on Monday, 3 November 2025 (Hong Kong time). The company indicated that all relevant conditions have been fulfilled, with trading of the adjusted shares set to begin at 9:00 a.m. on the same day.

According to the announcement, there are outstanding Convertible Bonds originally convertible into 1,385,654,762 existing shares at a price of HK$0.168 each. Upon the Capital Reorganisation taking effect, the conversion price will be adjusted to HK$6.720 per adjusted share. The number of shares issued upon full conversion will be adjusted to 34,641,369 shares. Other terms and conditions of the Convertible Bonds remain unchanged.

Shareholders may exchange existing red share certificates for new blue certificates from Monday, 3 November 2025 to Tuesday, 9 December 2025, during business hours at the Hong Kong branch share registrar, Tricor Investor Services Limited. Existing certificates remain valid for trading and settlement purposes. The announcement noted that requests for exchange after the indicated period will incur a specified fee.