Times China Holdings (Times China) reported that its issued share capital expanded by 5.37 million ordinary shares in June 2026, lifting the total number of shares in issue (excluding treasury shares) to 2.99 billion as at 30 June 2026. The entire increase stemmed from conversions of the company’s outstanding zero-coupon mandatory convertible bonds (MCBs) due 2027. No treasury shares were held or cancelled during the month.

Authorised capital unchanged

• Authorised share capital remained at 10.00 billion ordinary shares with a par value of HKD 0.10 each, equivalent to HKD 1.00 billion.

Issued-share movements driven by MCB conversions

• MCB I (USD 717.57 million at 31 May 2026) saw USD 3.54 million converted in June, leading to 4.60 million new shares. Outstanding MCB I principal stood at USD 714.03 million, still exchangeable into up to 928.23 million shares at the HKD 6.00 conversion price.

• MCB II (USD 224.61 million at 31 May 2026) recorded USD 0.99 million in conversions, resulting in 0.77 million new shares. Remaining principal declined to USD 223.63 million, corresponding to 174.43 million shares that could be issued at the HKD 10.00 conversion price.

• Aggregate new shares from both bonds totalled 5.37 million, bringing issued share capital to 2.99 billion shares.

Capital structure and compliance

• Times China confirms it met the Main Board’s minimum 25% public-float requirement as at 30 June 2026.

• The company did not undertake any share repurchases, issue share options, warrants or other equity instruments, nor did it hold any treasury shares during the period.

The board has certified that all equity issuances complied with Hong Kong listing rules and relevant regulatory requirements.