Sou Hu Cai Jing·2025-10-13 17:17Summary of Key Points Core Viewpoint - China Mobile has engaged in a significant conversion of convertible bonds into shares of Shanghai Pudong Development Bank, increasing its stake to approximately 18.18% of the bank's expanded share capital [1][3]. Trading Information - On October 13, 2025, China Mobile's stock closed at 106.95 yuan, with a slight increase of 0.34% and a turnover rate of 1.53%. The trading volume was 138,000 hands, resulting in a total transaction amount of 1.472 billion yuan [1]. - The net inflow of main funds was 23.09 million yuan, accounting for 1.57% of the total transaction amount. In contrast, retail funds saw a net inflow of 1.58 million yuan, representing 0.11% of the total transaction amount [1][3]. Company Announcements - On October 13, 2025, China Mobile's board announced that Guangdong Mobile exercised its conversion rights for a total face value of 5.631 billion yuan (approximately 6.171 billion HKD) of convertible bonds from Shanghai Pudong Development Bank, converting them into 450,156,195 shares at a conversion price of 12.51 yuan per share (approximately 13.71 HKD) [1]. - Following the conversion, China Mobile's total holdings in Shanghai Pudong Development Bank increased to 5,785,049,019 shares, which is about 18.18% of the bank's expanded issued share capital. The conversion is subject to a five-year lock-up period for the newly converted shares [1].