Kaisa Group Holdings Ltd. filed its monthly return for the period ended 30 September 2026, disclosing a sizeable expansion of its share base driven entirely by convertible-bond activity.

Issued-share growth • Outstanding shares climbed by 1.25 billion to 12.67 billion, up 10.91% from 11.43 billion at end-August. • No treasury shares were held or cancelled; the full increase stemmed from new shares allotted upon conversion of U.S.-dollar denominated bond tranches.

Convertible-bond conversions • Seven tranches (B to H) were partially converted during the month, exchanging USD 469.44 million of principal into equity. • Shares issued by tranche: – Tranche B (2026 maturity, HKD 4.75 conversion price): 101.05 million new shares – Tranche C (2027, HKD 4.75): 117.85 million – Tranche D (2028, HKD 4.05): 178.46 million – Tranche E (2029, HKD 4.05): 177.27 million – Tranche F (2030, HKD 4.05): 171.21 million – Tranche G (2031, HKD 4.05): 164.01 million – Tranche H (2032, HKD 4.05): 336.30 million

Capital structure • Authorised share capital remained unchanged at 50.00 billion ordinary shares with a par value of HKD 0.10 each, equivalent to HKD 5.00 billion. • Following the September conversions, potential dilution remains significant: the outstanding portions of the noted bond tranches could still be exchanged for up to 9.70 billion additional shares under existing terms.

Regulatory status • Kaisa confirmed compliance with the Hong Kong Exchange’s minimum public-float requirement of 25%. • All share issuances were authorised by the board and executed in line with applicable listing rules and legal obligations.

The latest conversion wave underscores ongoing creditor appetite to exchange debt for equity ahead of successive maturities through 2032, reshaping Kaisa Group’s capital mix and increasing the free-float share pool.