China Sandi: March Filing Shows Stable Share Base, HKD300 Million Convertibles Remain Untapped

Bulletin Express
04/08

China Sandi Holdings Limited released its Monthly Return for Equity Issuer covering the period to 31 March 2026, confirming no changes to either authorised or issued share capital during the month.

Authorised Capital • Ordinary shares: 200.00 billion authorised at HKD 0.01 par value, equal to HKD 2.00 billion. • Convertible preference shares: 602.00 million authorised at HKD 0.01 par value, equal to HKD 6.02 million. Total authorised share capital therefore stands at HKD 2.01 billion.

Issued Shares and Treasury Position • Ordinary shares in issue remained at 5.09 billion, with zero treasury shares recorded. • There were no issuances, cancellations, repurchases or transfers affecting the share count during March.

Convertible Instruments and Potential Dilution • A 5-Year 2% Convertible Bond (maturing 30 January 2029) with a principal amount of HKD 300.00 million was unchanged in March. • The bond carries a conversion price of HKD 0.09 per share and, if fully converted, could generate up to 3.33 billion new ordinary shares, representing a potential dilution of approximately 65.5% relative to the current issued share base. • No conversions or treasury-share movements were recorded during the reporting month.

Public Float Compliance The company confirmed compliance with the Hong Kong Main Board’s minimum public-float requirement of 25% of issued ordinary shares.

Administrative Details The return was submitted on 8 April 2026 by Tricor Investor Services Limited, serving as the Hong Kong Branch Share Registrar.

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