CTF SERVICES (00659) has completed the issuance of 850 million Hong Kong dollars convertible bonds.

CTF Services (00659) announced that all prerequisites for the simultaneous repurchase as stated in the dealing agent agreement have been met, and the simultaneous repurchase was completed on July 18, 2025. Existing convertible bonds with a total principal amount of HK$566 million have been repurchased, representing approximately 72.6% of the initial principal amount of the existing convertible bonds. The company has instructed The Hongkong and Shanghai Banking Corporation Limited (as the trustee of the existing convertible bonds) to arrange for the redemption of the repurchased bonds. The remaining outstanding principal amount of HK$74 million of the existing convertible bonds has been fully converted into shares on the date of this announcement. All prerequisites for the issuance of the subscribed bonds have been met, and the subscription and issuance of the bonds were completed on July 18, 2025. The bonds were listed on the Vienna Stock Exchange on July 18, 2025. The total principal amount of the bonds is HK$850 million, and they have been placed by joint bookrunners with at least 6 independent placing agents (defined as professional investors under the Securities and Futures Ordinance).