Global Medical (02666) will issue approximately 123 million shares of exchangeable shares to Dragonland International.

Zhtng Cijng APP News, Global Medical (02666) announced that on November 7, 2025, the company received a conversion notice from Dragonland International Development Limited regarding the exercise of the conversion rights attached to the convertible bonds, at a conversion price of 5.7 Hong Kong dollars per share, converting the total principal amount of 90 million US dollars of convertible bonds into approximately 123 million shares of convertible shares (the conversion). Therefore, on November 12, 2025, in accordance with the terms and conditions of the convertible bonds, the company issued approximately 123 million shares of convertible shares to Dragonland International Development Limited, representing approximately 6.48% of the company's issued share capital immediately before the conversion, and approximately 6.09% of the company's issued share capital after the issuance of the convertible shares.