Ge Long Hui·2026-01-20 12:38Group 1 - The company plans to issue $1.2 billion of zero-coupon convertible bonds due in 2027 through its indirect subsidiary CMOC Capital Limited, with the company providing guarantees for the issuance [1] - The initial conversion price is set at HKD 28.03 per H share, representing a premium of approximately 28.70% over the last closing price of HKD 21.78 on January 19, 2026, and a premium of about 26.17% over the average closing price of HKD 22.22 for the five trading days prior to the announcement [1] - If fully converted at the initial conversion price, the bonds will convert into approximately 333,739,565 H shares, accounting for about 8.48% of the existing issued H shares and approximately 1.56% of the total issued shares [2] Group 2 - The net proceeds from the bond issuance, estimated to be around $1,187.5 million after deducting commissions and other estimated expenses, will be used to support the expansion, optimization, and ongoing capital expenditures of the company's overseas resource projects, enhance operational flexibility, and for general corporate purposes [2] - The converted shares will rank equally with the existing H shares as of the relevant record date [2]