Xtep adjusts convertible bond prices after interim dividend payment

Xtep International Holdings Limited has adjusted the conversion prices of its 2021, 2024, and 2025 convertible bonds due to the payment of the 2025 interim dividend of HK18.0 cents per share. The 2021 CB conversion price has been adjusted from HK$8.1972 to HK$7.9385, the 2024 CB conversion price from HK$5.4028 to HK$5.2323, and the 2025 CB conversion price from HK$6.21 to HK$6.01. These changes are effective as of October 30, 2025.

As a result of these adjustments, the number of shares to be issued upon full conversion of the 2021 convertible bonds (principal amount HK$537,240,894) will be 67,675,366 shares. For the 2024 convertible bonds (principal amount HK$513,240,178), 98,090,739 shares will be issued, and for the 2025 convertible bonds (principal amount HK$500,000,000), 83,194,675 shares will be issued. These additional shares will be allotted under general mandates, with applications for listing on the Stock Exchange.

Separately, a Next Day Disclosure Return dated October 30, 2025, confirmed an increase of 3,578,614 ordinary shares due to a scrip dividend in relation to the interim dividend for the six months ended June 30, 2025. This brings the total issued ordinary shares to 2,806,072,356 at an issue/selling price of HK$6.407 per share.