Quali-Smart Holdings Limited (stock code: 01348) released its monthly return for the period ended 30 November 2025, reporting no change in authorized or issued share capital during the month. The authorized share capital remains at 6,000,000,000 ordinary shares with a total value of USD 150,000, while the issued share count stands at 1,474,232,000 shares.

The existing share option scheme, adopted on 3 January 2013 and expired on 3 January 2023, shows 20,300,000 outstanding share options at the end of November, with no new shares issued under the scheme. According to the report, no warrants or other arrangements were exercised, and treasury shares did not change.

Regarding convertibles, the company reported a principal amount of HKD 9,000,000 in outstanding Convertible Notes (due 2026). These are convertible at HKD 0.081 per share, potentially leading to the issuance of up to 111,111,111 shares upon full conversion. No new shares were issued from these notes in November.