China Hongqiao Group Co., Ltd. (“China Hongqiao”) announces that, based on the terms and conditions of the 2021 convertible bond, an adjustment will be made to the exchange price of the $300,000,000 5.25c convertible bonds due to the Company's declaration of dividends due 2026. The exchange price will be adjusted from HK$6.82 per share to HK$6.54 per share and will take effect on 31 May 2024. The dividend is the final dividend of HK29.0 cents per share for the year ended 31 December 2023. In addition, the Company has issued a total of 9,475,538,425 shares and indicated that the number of convertible shares that can be issued will increase to 355,642,201 shares after all of the outstanding 2021 convertible bonds are exchanged. The adjustment reflects the company's return on capital to shareholders and follows established bond terms.

China Hongqiao Group Co., Ltd. (“China Hongqiao”) announces that, based on the terms and conditions of the 2021 convertible bond, an adjustment will be made to the exchange price of the $300,000,000 5.25c convertible bonds due to the Company's declaration of dividends due 2026. The exchange price will be adjusted from HK$6.82 per share to HK$6.54 per share and will take effect on 31 May 2024. The dividend is the final dividend of HK29.0 cents per share for the year ended 31 December 2023. In addition, the Company has issued a total of 9,475,538,425 shares and indicated that the number of convertible shares that can be issued will increase to 355,642,201 shares after all of the outstanding 2021 convertible bonds are exchanged. The adjustment reflects the company's return on capital to shareholders and follows established bond terms.