Unity Group issues USD0.50 million convertible bonds; minor dilution seen in shareholding structure

Bulletin Express
05/18

Unity Group Holdings International Limited announced the partial completion of its Specific Mandate-approved fundraising, issuing USD 0.50 million of Second Batch Convertible Bonds (the “Current Batch CB”) on 12 May 2026 to a Hong Kong-headquartered institutional investment fund (the “Investor”).

Key transaction details • Instrument: Convertible Bonds, Second Batch (partial issue) • Principal amount: USD 0.50 million • Subscriber: Investor – a third-party institutional fund with operations in Asia, Europe and North America • Listing status: Bonds issued; shares to be allotted upon conversion

Shareholding impact (illustrative) 1) Pre-conversion (post-issuance): total shares outstanding remain 3.44 billion. – Abundance Development Limited (controlled by Chairman & CEO Mr Wong Man Fai Mansfield) retains a 53.02% stake (1.83 billion shares). – Investor holds 11.94 million shares, or 0.35%.

2) Assuming full conversion of the USD 0.50 million Current Batch CB: – Share count would rise to 3.46 billion. – Investor’s stake would increase to 23.76 million shares, or 0.69%. – Abundance Development’s holding would dilute slightly to 52.84%.

3) Assuming full conversion of the entire remaining Second Batch CB (including the Current Batch CB): – Share count would increase to 3.56 billion. – Investor would maintain 23.76 million shares, representing 0.67%. – Abundance Development’s interest would dilute further to 51.26%.

Governance update Mr Wong Man Fai Mansfield continues as Chairman, Chief Executive Officer and Executive Director. The board composition remains unchanged, comprising one executive director, two non-executive directors and four independent non-executive directors.

The company stated that the Investor is independent of Unity Group and its connected persons under Hong Kong Listing Rules.

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