China Mobile Limited (00941) will convert the Shanghai Pudong Development Bank A shares convertible bonds with a face value of about 1.484 billion yuan into approximately 119 million shares of Shanghai Pudong Development Bank A shares.

China Mobile Limited (00941) announced that on October 24, 2025, Guangdong Mobile exercised its conversion rights to convert a total face value of RMB 1.484 billion Shanghai Pudong Development Bank A shares convertible bonds into approximately 119 million Shanghai Pudong Development Bank A shares, based on a conversion price of RMB 12.51 per share. The actual number of Shanghai Pudong Development Bank A shares converted may vary due to settlement and delivery reasons.