South China Financial Maintains 301.28 Million Outstanding Shares in August; 548.13 Million Shares Remain Attachable to Convertible Bonds

Bulletin Express
Sep 01

South China Financial Holdings Limited reported no change in its share capital structure for the month ended 31 August 2026, according to its latest Monthly Return filed with Hong Kong Exchanges and Clearing Limited on 1 September 2026. Key disclosures are as follows:

1. Issued Share Capital • Outstanding ordinary shares stood unchanged at 301.28 million. • The company held no treasury shares, leaving total issued shares at the same level. • South China Financial confirmed full compliance with the Main Board’s minimum 25% public-float requirement.

2. Share Option Scheme • Options outstanding under the Share Option Scheme adopted on 9 August 2022 totalled 12.05 million, equivalent to roughly 4.0% of current issued shares. • No new shares were issued and no treasury shares were transferred during the month. • The scheme still allows up to 30.13 million additional shares to be granted in the future.

3. Convertible Bonds—Potential Dilution • Two HK-dollar-denominated convertible bond tranches remain outstanding: – HKD 50.00 million at a conversion price of HKD 0.22, representing up to 227.27 million new shares upon full conversion. The maturity was previously extended to 30 June 2029. – HKD 89.84 million at a conversion price of HKD 0.28, representing up to 320.86 million new shares upon full conversion; maturity runs to 12 January 2029 following shareholder approval earlier this year.

Cumulatively, the two bond issues could add up to 548.13 million shares—approximately 1.8 times the current share base—if fully converted.

4. Capital Movements • The company recorded zero increases or cancellations of issued shares and no treasury share activity during August. • No warrants, additional option arrangements, HDR activity, or other equity instruments were reported for the period.

These disclosures indicate a stable share count for August 2026 while highlighting substantial potential equity issuance from existing convertible instruments and option pools.

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