CSSC SHIPPING (03877) successfully issued a total of HKD 2.338 billion convertible bonds.

22:05 28/01/2026

China Ship Leasing (03877) has announced that all preconditions under the subscription agreement have been met, and the total principal amount of bonds of 2.38 billion Hong Kong dollars was successfully issued on January 28, 2026. Assuming that all bonds are converted at the initial conversion price of 2.39 Hong Kong dollars per share, the bonds will be converted into approximately 978,242,677 shares of stock, which is different from the previously disclosed 978,242,678 shares in the announcement.

CSSC SHIPPING (03877) announced that all preconditions under the subscription agreement have been met, and the total principal amount of the bonds of HKD 2.338 billion was successfully issued on January 28, 2026. Assuming all bonds are converted at the initial conversion price of HKD 2.39 per share, the bonds will be converted into approximately 978,242,677 shares, different from the 978,242,678 shares previously disclosed due to rounding. It is anticipated that the bonds will be listed on The Stock Exchange of Hong Kong and trading permission will be effective on January 29, 2026. The company has obtained the listing and trading permission for the convertible shares on The Stock Exchange of Hong Kong.

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