SUNEVISION (01686.HK): SHKP Group converts convertible notes, public float 15.10%, 10% alternative threshold adopted

NewTimeSpace News: SUNEVISION (01686.HK) announced that reference is made to its announcement dated 11 September 2026 in relation to the conversion of the convertible notes by the SHKP Group and the Company's change in reliance on the alternative threshold of 10% as from the conversion date. On the date of this announcement, being the conversion date, a total of 1,719,427,500 new and fully paid shares were issued and allotted to the SHKP Group.

According to the announcement, as a result of the conversion, 3,450,150,000 shares were held by the SHKP Group (representing approximately 84.4736% of the total issued shares), 17,273,658 shares were held by other core connected persons of the Company (approximately 0.4229%) and 616,868,675 shares were held by the public (approximately 15.1034%) as at the date of this announcement. Based on the volume weighted average price of the shares over the 125 trading days immediately prior to the date of this announcement (at HK$5.4021 per share), the market value of the shares held by the public amounted to approximately HK$3,332,386,269, while the market value of 10% of the total issued shares amounted to approximately HK$2,206,375,561.

Accordingly, the Company is able to satisfy the alternative threshold under Rule 13.32B of the Listing Rules as of the conversion date. With effect from the date of this announcement, the Company will rely on the alternative threshold of 10% instead of the initial prescribed threshold of 25% for the purpose of compliance with the minimum public float requirement under Rule 13.32B. The Company said it will make the necessary disclosure regarding its public float in monthly returns and annual reports going forward in accordance with the Listing Rules.