S.F. Holding (06936): The conversion price of the convertible bonds expiring in 2026 has been adjusted to 47.43 Hong Kong dollars per H share.

S.F. Holding (06936) announces regarding the HK$2.95 billion zero-coupon guaranteed convertible bonds due in 2026 (the Bonds). As disclosed in the interim dividend announcement, the board declared an ordinary interim dividend of RMB 4.6 per 10 shares for the six months ended 30 June 2025, with a record date of 15 September 2025 (the 2025 interim dividend). Due to the fact that the distribution of the 2025 interim dividend resulted in an adjustment to the conversion price of less than one percent (a minimal adjustment), in accordance with the terms and conditions of the Bonds, (i) no adjustment shall be made to the conversion price for the minimal adjustment, and (ii) said minimal adjustment shall be carried forward and considered in any subsequent conversion price adjustments. As disclosed in the voting results announcement, shareholders have approved an ordinary final dividend of RMB 4.3 per 10 shares for the year ending 31 December 2025 (the 2025 final dividend). The record date for the 2025 final dividend will be 18 May 2026 (H-share record date). Pursuant to the terms and conditions, the payment of the 2025 final dividend will result in an adjustment to the conversion price. Therefore, assuming that no other events triggering an adjustment to the conversion price occur on or before the H-share record date, the conversion price will be adjusted from HK$48.47 per H-share to HK$47.43 per H-share due to the payment of the 2025 interim dividend and 2025 final dividend to shareholders (the Adjustment). The adjustment will take effect on 19 May 2026 (the day following the H-share record date).