Wai Chun Group’s June 2026 Share Capital Update: No Issuance in Month, 2.68 Billion Potential New Shares from Convertibles and Options

Bulletin Express
Jul 06

Wai Chun Group Holdings Limited (HKEX: 01013) filed its monthly return for the period ended 30 June 2026, confirming a stable share base, full public-float compliance and the continued presence of sizeable convertible instruments.

Authorised Share Capital • Ordinary shares: 89.00 billion authorised at HKD 0.01 par value (HKD 890.00 million). • Convertible preference shares: 11.00 billion authorised at HKD 0.01 par value (HKD 110.00 million). Total authorised capital remains unchanged at HKD 1.00 billion.

Issued Shares and Public Float • Issued ordinary shares stood at 267.39 million, unchanged from the previous month; the company holds no treasury shares. • Wai Chun Group reconfirmed compliance with the Main Board’s minimum 25% public-float requirement.

Equity-Linked Instruments 1) Share Option Scheme (approved 25 Sep 2015) – Options outstanding: 26.74 million, exercisable from 22 Sep 2025 to 21 Sep 2032. – No option exercises or share issuances occurred in June.

2) Convertible Bonds (four tranches) – Total principal: HKD 263.18 million. – Conversion terms: three tranches convertible at HKD 0.10, one tranche at HKD 0.09. – Potential new shares on full conversion: 2.68 billion (1.52 billion + 234.80 million + 427.00 million + 500.00 million). – Key amendments (approved 8 Jan 2025) reduced coupon rates to 0% and extended maturities to 31 Dec 2027 for the first three tranches; the fourth tranche matures on 26 Jun 2028.

Dilution Context The current issued share count of 267.39 million could expand by up to approximately tenfold if all outstanding options and convertible bonds are fully exercised or converted, as authorised by shareholders.

No other share repurchases, treasury share movements, warrants, HDR activities or additional share-issuance arrangements were reported for the month.

The company affirmed that all securities-related actions comply with Hong Kong listing rules and relevant legal requirements.

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