Xtep International Holdings Limited (Stock Code: 1368) announced the completion of the repurchase of HK$500 million 1.5% convertible bonds due 2026. According to the announcement, the repurchased bonds represent 100% of the initial principal amount and are no longer outstanding. The last trading day for these bonds on the Vienna Stock Exchange was 6 February 2026, with delisting expected on or around 10 February 2026.

On the same day, the company completed the issuance of HK$500 million zero coupon convertible bonds due 2029, which were also listed on the Vienna Stock Exchange on 6 February 2026. The bonds were placed with no fewer than six independent professional investors, and the net proceeds of approximately HK$492 million are intended to be used for the purposes stated in previous announcements.

Under the initial conversion price of HK$6.37 per share, the full conversion of the newly issued bonds would increase the total share count from 2,806,072,356 to 2,884,565,291. Approval for the listing of and permission to deal in the new shares has already been granted by The Hong Kong Stock Exchange.