CATHAY PAC AIR (00293.HK) announced that the proposed repurchase of the 6.74 billion yuan 2.75% guaranteed convertible Bonds due in 2026, based on the reference stock price of 9.3663 yuan, has set the repurchase price at 120.472% of the existing bond principal amount.

Due to the weighted average price per share on the Hong Kong Stock Exchange exceeding 9.65 yuan over eight designated trading days, the total principal amount of the previously accepted Bonds was reduced to ensure that the total principal amount of the accepted Bonds is 4.462 billion yuan. The accepted Bonds held by relevant bondholders were proportionally reduced before the adjustment. The total principal amount of the re-offered Bonds that bondholders may sell based on this is 96 million yuan, which the issuer has accepted in full and will be canceled upon completion of the repurchase.

The total principal amount of the accepted Bonds is 4.558 billion yuan (including the adjustment and the accepted re-offered Bonds), and together with the Bonds that have been converted and canceled, it accounts for approximately 67.89% of the original issued Bonds by principal amount.