China Aoyuan Group Limited (Stock Code: 03883) disclosed changes in its issued share capital as of 26 November 2025. The number of issued shares rose from 4,561,059,846 (as at 31 October 2025) to 4,584,519,115 following the allotment and issue of new shares from the conversion of mandatory convertible bonds due 2028, which were issued on 20 March 2024.

The reported conversions took place on 10, 12, 13, and 17 November 2025, resulting in additional shares totaling 19,221,701, 3,119,227, 129,818, and 988,523, respectively. Each conversion was executed at a price of HKD 0.66 per share. After these conversions, there were no treasury shares outstanding, and no shares had been redeemed or repurchased for cancellation as at 26 November 2025.

According to the company’s confirmation, all procedures related to the conversions were duly authorized by the board of directors and conducted in compliance with the relevant listing rules and regulations. The final total number of issued shares stands at 4,584,519,115.