Zhixing Group Holdings (01539) issues 94.55,500 exchange shares

According to Zhitong Finance App, Zhixing Group Holdings (01539) announced that on July 24, 2026, the Company issued convertible bonds (final batch of convertible bonds) with a total principal amount of US$4.5 million to subscribers and/or their nominees (final investors) in accordance with the terms and conditions of the convertible bonds. The final batch of convertible bonds forms the remainder of the second batch of convertible bonds. As a result, the issuance of the second batch of convertible bonds was completed, and the issuance of the entire convertible bond was also completed.

Furthermore, after the issuance of the final batch of convertible bonds was completed, the Company received an exchange notice from the final investor on July 24, 2026. The notice concerned the exchange rights attached to the final batch of convertible bonds. The principal amount of such exchange rights was US$4 million, and the initial exchange price was HK$0.33 per common share. As a result, the Company will allocate and issue 94.55,500 exchange shares (redeemed in July) to the final investors in accordance with regulations. These exchange shares have the same status with each other in all aspects as well as all other existing issued common shares.

The 94.545,500 exchange shares accounted for about 2.745% of the total number of common shares issued by the Company before the July exchange, and about 2.672% of the total number of common shares issued by the Company after the July exchange, which was expanded by allotting and issuing 94.555,500 shares of exchange shares.

As of the date of publication of this announcement, the final batch of convertible bonds issued with a principal amount of 500,000 US dollars had not been redeemed. Therefore, as of the date of publication of this announcement, the total amount of unredeemable issuance of convertible bonds was 1 million US dollars.