CTF Services Limited Adjusts Conversion Price of Convertible Bonds

CTF Services Limited has announced an adjustment to the conversion price of its HK$850,000,000 convertible bonds due in 2027. The conversion price will change from HK$6.69 to HK$6.48 per share. This adjustment follows a minor adjustment reported in December 2025 and the declaration of a HK$0.28 interim dividend for the period ending December 2025.

The adjustment will take effect on March 21, 2026. It influences the maximum number of shares that could be issued upon full conversion, potentially increasing the issuance by 1,026,961 shares. Currently, HK$212,000,000 of the bond principal is outstanding. These additional shares would represent 0.72% of the existing issued shares.

An application for the listing of these additional shares on the Hong Kong Stock Exchange will be filed shortly. The adjustment aligns with the conditions of the bonds regarding dividend distributions.