KIDSLAND INTL (02122) issued 250 million shares of convertible preferred stock to Chairman Li Chengyao for conversion into shares.

KIDSLAND INTL (02122) announced that on January 23, 2026, the company received a conversion notice from Asian Glory Holdings Limited (Asian Glory) regarding the conversion of their 250 million convertible preferred shares in the company. Asian Glory is the current controlling shareholder of the company and is fully owned by Mr. Li Chengyao (Chairman of the Board, CEO, and Executive Director of the company). As a result of the conversion, the company will issue a total of 250 million new common shares to Asian Glory. The conversion shares will have the same rights and rank equally with all existing common shares of the company and among themselves, and will represent approximately 18.44% of the enlarged issued shares after the issuance of the conversion shares.