Meidong Auto (01268) announced that, according to Article 37.48(a) of the Securities Listing Rules (Listing Rules) of the Hong Kong Stock Exchange, the issuer and the company jointly announced that, on the announcement date, the company had repurchased and conditionally cancelled (or will soon cancel) bonds with a total principal amount of HKD 807 million, accounting for approximately 29.35% of the initial bond principal amount (repurchased bonds). The repurchased bonds are accompanied by the right to convert into 18.03 million shares (rounded down to the nearest whole number of shares) of exchange shares (calculated based on the current exchange price per share of HKD 44.7582 as of the announcement date). The board of directors believes that the purchase of the repurchased bonds will not have a significant adverse impact on the company's financial position.

As of the announcement date, the company has calculated that the outstanding principal amount of the bonds that have been converted into exchange shares before the announcement date and the outstanding principal amount of the bonds that have not been repaid is HKD 1.933 billion (outstanding bonds), accounting for approximately 70.29% of the initial bond principal amount. At the current adjusted exchange price of HKD 44.7582 per exchange share (adjustable), the company will convert all outstanding bonds into exchange shares, and the upper limit of the exchange shares to be issued after conversion is 43.1876 million shares (rounded down to the nearest whole number of shares) assuming that no exchange rights are exercised, bonds are repurchased, and shares are redeemed during the relevant period. This is equivalent to approximately 3.21% of the total shares issued as of the announcement date.