Horizon Robotics converts 11.62 million Class A shares into Class B in June, authorised capital unchanged

Bulletin Express
07/07

Horizon Robotics (HORIZONROBOT-W, 09660) has released its Monthly Return for the period ended 30 June 2026, detailing a rebalancing between its two weighted-voting-right (WVR) share classes without altering total share count or authorised capital.

Key highlights

1. Authorised share capital • Authorised amounts remain unchanged at 2.12 billion Class A shares and 17.88 billion Class B shares, each with a par value of USD0.0000025, keeping total authorised capital at USD50,000.

2. Issued share movements (excluding treasury shares) • Class A: Decreased by 11.62 million shares to 2.11 billion following a share-class conversion. • Class B: Increased by the same 11.62 million shares to 12.46 billion. • Net effect: Overall issued share count was essentially unchanged at 14.57 billion.

3. Treasury shares • Class B treasury stock stood at 80.16 million shares, with no movement during the month.

4. Public float • The company confirmed compliance with the Main Board’s minimum 25% public-float requirement as at 30 June 2026.

5. Equity incentive capacity • No share options were exercised in June; 451.59 million Class B shares remain available for future grants under the Post-IPO Share Incentive Plan adopted on 8 October 2024. • An additional 68.34 million Class B shares can be issued under other arrangements within the same plan.

6. Convertible instruments • A USD924.86 million convertible loan maturing on 7 December 2026 was unchanged during the month. Conversion is set at HKD3.99 per share and is subject to a 9.9% post-conversion shareholding cap for CARIAD Estonia AS.

Overall, June’s activity was limited to an internal conversion that increased the listed Class B float while reducing the unlisted Class A pool, leaving total issued shares, treasury stock and authorised capital intact. The public-float level remains compliant with Hong Kong listing requirements.

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