YNBY International Limited (00030) announced that the public float requirement has been satisfied following the recent exercise of conversion rights under the HK$500.00 million convertible bonds originally issued to Yunnan Baiyao Group Co., Ltd. The allotment was contingent on maintaining the 25.00% public float stipulated by Hong Kong listing rules.

On 27 February 2026, YNBY International Limited allotted and issued approximately 1.94 billion new shares at HK$0.258 per share to Shanghai International Trust Corp., Ltd., which holds the convertible bonds in trust for Yunnan Baiyao Group. The newly issued shares represent about 25.50% of the total number of issued shares prior to the conversion and around 20.32% post-conversion.

Following this issuance, the total number of shares in YNBY International Limited increased from roughly 7.60 billion to 9.54 billion. Yunnan Baiyao Group’s beneficial ownership rose from 25.11% to 40.32%, Yunbaiyao Hong Kong Co., Limited holds 32.52%, and other public shareholders collectively hold 27.16%.

The company advised shareholders and investors to exercise caution when trading its shares.