BeijingWest Industries International Limited (2339) announced the completion of its connected subscription shares, subscription shares, and convertible bonds on 9 February 2026. All conditions specified in the company’s circular dated 19 December 2025 were satisfied, allowing the simultaneous issuance of new shares and convertible bonds.

A total of 236,914,866 and 64,613,145 connected subscription shares were allotted at HK$0.704 each to Subscriber A and ClearBay Investment Limited respectively. Additionally, 64,613,145 subscription shares each were allotted at the same price to VistaLink Capital Limited and WaveBridge Capital Limited. Overall, these newly issued shares account for a combined 33.33% of the expanded share capital, which now totals 1,292,262,903 shares.

On the same date, convertible bonds with an aggregate principal amount of HK$409,388,887 were issued to Subscriber A. Following the completion of these transactions, Subscriber A holds approximately 59.50% of the company’s enlarged share capital. In the event of full conversion of the convertible bonds, its shareholding would reach approximately 72.07%.

According to the announcement, the largest shareholder of Subscriber A is BWI Beijing, held by BWI Group. The major shareholder of BWI Group is Zhangjiakou Industrial Investment, which is in turn significantly owned by Zhangjiakou Guokong, a state-owned enterprise in the People’s Republic of China.