Tibet Water Resources reports significant share capital increase from bond conversions

Tibet Water Resources Ltd. announced a significant increase in its issued share capital, with the total number of issued shares rising from 4,800,400,120 to 5,307,672,842 for the month ended November 30, 2025. This 507,272,722 share increase was primarily due to the conversion of convertible bonds. The company's authorized/registered share capital remains constant at HK$1,000,000,000, represented by 100,000,000,000 ordinary shares with a par value of HK$0.01 each.

Key movements in convertibles included 400,000,000 new ordinary shares issued from the conversion of HK$138,000,000 of 8% convertible bonds due December 2025, originally issued in March 2025. Additionally, 107,272,722 new shares were issued from the conversion of HK$59,000,000 of 5% convertible bonds due October 2026, issued in October 2025. The company's 8% convertible bonds due December 2025, issued in January 2025, remain outstanding at HK$92,000,000.

The Share Option Scheme 2023 shows 407,918,800 share options outstanding at the end of the month, with no new shares issued or treasury shares transferred out during the period. The total funds raised from the exercise of options during the month were HK$0.