CIFI Holdings adds 97.15 million shares from bond conversion; outstanding convertibles still cover up to 12.36 billion shares

Bulletin Express
May 05

For April 2026, CIFI Holdings (Group) Co. Ltd. reported a 97.15 million-share increase in issued ordinary shares, lifting the total outstanding to 18.01 billion. The new shares arose exclusively from the monthly conversion of its USD-denominated mandatory convertible bonds.

The conversion reduced the bond principal by USD 19.93 million, leaving USD 2.54 billion outstanding. At a fixed conversion price of HKD 1.60, the remaining bonds can be exchanged for up to 12.36 billion additional shares, pointing to a sizable potential dilution over time.

Authorised share capital remained unchanged at 50 billion shares (HKD 5.00 billion nominal). CIFI continued to hold no treasury shares, and the company confirmed compliance with the Hong Kong Stock Exchange’s 25 percent public-float requirement.

Beyond the convertibles, the issuer still has: • 2.30 billion award shares available under a share-award scheme approved on 31 October 2025 (175 million awards were cancelled in April). • 1.31 billion shares earmarked for issuance to Rosy Fortune Investments Ltd. under a shareholder-loan equitisation agreement, subject to specified conditions.

Including April’s issuance, the company’s share base expanded by 0.54 percent month-on-month. No share options, warrants, share repurchases, or treasury-share movements were recorded during the period.

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