ZHEJIANGEXPRESS (00576) announced that as of the announcement date, bonds with a total principal amount of 200,000 euros have been converted at the then conversion price of HK$6.29 per H share, representing approximately 0.09% of the initial total principal amount of the bonds. Additionally, bonds with a total principal amount of 20.7 million euros have been converted at the conversion price of HK$5.84 per H share, representing approximately 9.00% of the initial total principal amount of the bonds (of which bonds with a principal amount of 16.1 million euros were converted on August 20, 2025). The bonds were cancelled in accordance with the terms following the exercise of conversion rights by the relevant holders.

As a result, the total number of H shares issued and credited as fully paid is 34.0269 million shares, representing approximately 1.71% of the total number of H shares in issue before the conversion on August 20, 2025 (1.987 billion H shares) and approximately 1.69% of the total number of H shares in issue as at the announcement date immediately following the conversion on August 20, 2025 (2.013 billion H shares).

As of the announcement date, the principal amount of the remaining unredeemed bonds is 6.5 million euros (the "Unredeemed Bonds"), representing approximately 2.83% of the initial total principal amount of the bonds. The maximum number of H shares to be issued by the issuer upon full conversion of the Unredeemed Bonds at the conversion price of HK$5.84 per H share (subject to adjustment in accordance with the terms) would be 10.5898 million H shares, representing approximately 0.53% of the total number of H shares in issue as at the announcement date immediately following the conversion on August 20, 2025 (2.013 billion H shares).