Huiliang Technology (01860) issued approximately 47.46 million shares in exchange due to PAGAC III Munich Holding (Cayman) Limited's exercise of share exchange rights

According to the Zhitong Finance App, Huiliang Technology (01860) announced that on December 23, 2025, the company received a conversion notice from PAGAC III Munich Holding (Cayman) Limited regarding the exercise of the share exchange rights to convert the convertible bonds with a principal amount of 30 million US dollars and cumulative outstanding interest of 3,917,504 US dollars according to the exchange price, that is, HK$5.54 per share. The Company will allocate and issue 47,460,016 exchange shares to PAGAC III Munich Holding (Cayman) Limited in accordance with this conversion, which in all respects have the same status as all other existing issued shares of the Company.