Sino-Ocean Group Holding Limited (stock code 03377) reported a rise in its total issued ordinary shares for October 2025. According to the monthly return, the number of issued shares (excluding treasury shares) at the end of the previous month was 11,654,987,204 and increased by 153,230,063 to 11,808,217,267 as of October 31, 2025. The company does not have an authorized share capital or par value of shares.

No share options were exercised during the month under the 2018 Share Option Scheme, and no new shares were issued pursuant to any warrant arrangements. The increase in issued shares was attributed to conversions of mandatory convertible bonds (MCBs) due 2027. Specifically, Class A MCB converted into 39,309,116 new shares at a conversion price of HKD 1.55 per share, Class B MCB converted into 66,306,067 new shares at a conversion price of HKD 5.74, Class C MCB converted into 12,881,283 new shares at a conversion price of HKD 17.26, and Class D MCB converted into 34,733,597 new shares at a conversion price of HKD 11.36.

The company confirmed that all applicable conditions and listing requirements for the issuance of these new shares were met. There were no share purchases or other significant changes in treasury shares during this period.