Zhitong Financial App News, Hongkong China Gas (01083) announced that on November 18, 2021, 116 million subscription shares have been allotted and issued to investors at a subscription price of HK $5 per subscription share; and convertible bonds with a total principal of RMB 1.835 billion (the initial conversion price of HK $6.33 per share can be fully converted into 350 million conversion shares) has been issued to investors.

Immediately after completion, 3.159 billion shares have been issued, while 116 million subscription shares are equivalent to about 3.70% of the total number of issued shares as a result of the expansion of the allotment and issue of subscription shares. Assuming that no further shares are issued from the date of this announcement until the convertible bonds with an initial conversion price of HK $6.33 per share have been converted, a maximum of 350 million conversion shares will be equivalent to approximately 9.98 per cent of the total number of shares issued as a result of the issuance of subscription shares and the expansion of the conversion shares.

In addition, the company announced that the appointment of Liao Jili as a non-executive director has been completed.