Unity Group issues USD0.50 million convertible bonds; minor dilution seen in shareholding structure

Bulletin Express
May 18

Unity Group Holdings International Limited announced the partial completion of its Specific Mandate-approved fundraising, issuing USD 0.50 million of Second Batch Convertible Bonds (the “Current Batch CB”) on 12 May 2026 to a Hong Kong-headquartered institutional investment fund (the “Investor”).

Key transaction details • Instrument: Convertible Bonds, Second Batch (partial issue) • Principal amount: USD 0.50 million • Subscriber: Investor – a third-party institutional fund with operations in Asia, Europe and North America • Listing status: Bonds issued; shares to be allotted upon conversion

Shareholding impact (illustrative) 1) Pre-conversion (post-issuance): total shares outstanding remain 3.44 billion. – Abundance Development Limited (controlled by Chairman & CEO Mr Wong Man Fai Mansfield) retains a 53.02% stake (1.83 billion shares). – Investor holds 11.94 million shares, or 0.35%.

2) Assuming full conversion of the USD 0.50 million Current Batch CB: – Share count would rise to 3.46 billion. – Investor’s stake would increase to 23.76 million shares, or 0.69%. – Abundance Development’s holding would dilute slightly to 52.84%.

3) Assuming full conversion of the entire remaining Second Batch CB (including the Current Batch CB): – Share count would increase to 3.56 billion. – Investor would maintain 23.76 million shares, representing 0.67%. – Abundance Development’s interest would dilute further to 51.26%.

Governance update Mr Wong Man Fai Mansfield continues as Chairman, Chief Executive Officer and Executive Director. The board composition remains unchanged, comprising one executive director, two non-executive directors and four independent non-executive directors.

The company stated that the Investor is independent of Unity Group and its connected persons under Hong Kong Listing Rules.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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