Meidong Auto (stock code: 1268) announced that the conversion price of its HKD2.75 billion zero-coupon convertible bonds due in 2027, issued by Sail Vantage Limited, has been adjusted. The adjustment is based on the company's previously announced interim and final dividends, and the conversion price has been adjusted from HKD44.7582 per share to HKD44.1764 per share, a decrease of more than 1%. The adjustment will take effect from August 9, 2024. Currently, there is still HKD1.873 billion principal of convertible bonds that have not been converted. After adjustment, if all the bonds are converted, the maximum number of shares that the company will issue will increase to 42,398,203 shares. The company will apply to the Hong Kong Stock Exchange for additional conversion shares to be listed and traded. The adjustment of the conversion price has been formally communicated to the bondholders.

Meidong Auto (stock code: 1268) announced that the conversion price of its HKD2.75 billion zero-coupon convertible bonds due in 2027, issued by Sail Vantage Limited, has been adjusted. The adjustment is based on the company's previously announced interim and final dividends, and the conversion price has been adjusted from HKD44.7582 per share to HKD44.1764 per share, a decrease of more than 1%. The adjustment will take effect from August 9, 2024. Currently, there is still HKD1.873 billion principal of convertible bonds that have not been converted. After adjustment, if all the bonds are converted, the maximum number of shares that the company will issue will increase to 42,398,203 shares. The company will apply to the Hong Kong Stock Exchange for additional conversion shares to be listed and traded. The adjustment of the conversion price has been formally communicated to the bondholders.