Chow Tai Fook: Bond Price Adjusts Post-Dividend

Chow Tai Fook Jewellery Group Limited has adjusted the conversion price of its HK$8,800,000,000 0.375% Convertible Bonds due 2030 from HK$16.91 per Share to HK$16.66 per Share. This adjustment, effective from 18 December 2025, is a direct result of the board's resolution to declare an interim dividend of HK$0.22 per Share for the six months ended 30 September 2025, payable to shareholders on record as of 17 December 2025.

The adjustment will lead to an increase in the maximum number of Shares to be issued upon full conversion of the outstanding bonds. This figure will rise by 7,809,156 Shares, bringing the total to 528,211,284 Shares. These "Additional Shares" represent approximately 5.35% of the company's existing issued share capital and 5.08% of the enlarged issued share capital upon full conversion, assuming no other changes.

The company will apply to the Hong Kong Stock Exchange for the listing and permission to deal in these Additional Shares. As of the announcement date, Chow Tai Fook holds 422,800 treasury shares, with no intention to transfer them as new shares upon bondholders' exercise of conversion rights.