Core Viewpoint - China Mobile announced the exercise of conversion rights to convert its holdings of SPDB A-share convertible bonds into approximately 29,300 shares of SPDB at a conversion price of RMB 12.51 per share, which is approximately HKD 13.71 [1] Group 1: Conversion Details - The total face value of the convertible bonds being converted is RMB 366,000 (approximately HKD 401,100) [1] - Prior to the conversion, China Mobile held a total of 6.053 billion SPDB A-shares, representing about 18.18% of SPDB's issued share capital [1] - After the conversion, the total number of SPDB A-shares held by China Mobile will remain at 6.053 billion, maintaining the same percentage of approximately 18.18% of the enlarged issued share capital of SPDB [1] Group 2: Remaining Holdings and Intentions - Following the conversion, China Mobile will still hold SPDB A-share convertible bonds with a total face value of RMB 95.604 million (approximately HKD 105 million) [1] - These remaining convertible bonds are set to mature on October 27, 2025, and the company has no intention to exercise the related conversion rights [1] Group 3: Strategic Implications - The conversion allows China Mobile to subscribe for SPDB A-shares at a price comparable to market trading prices, benefiting SPDB by supplementing its core tier 1 capital and enhancing its capital strength and risk resilience [1] - The board believes that the terms and conditions of the conversion are fair and reasonable, aligning with the overall interests of the company and its shareholders [1]

智通财经APP讯，中国移动(00941)发布公告，于2025年10月27日，广东移动行使换股权将其持有的合计 面值人民币 36.6万元(约合 40.11万港元)浦发银行 A 股可转债按照每股人民币 12.51 元(约合13.71 港元) 的转股价转为约 2.93万股的浦发银行 A股。实际转换的浦发银行A股股数可能会因清算及交收原因而有 所差异。 紧接转换前，本集团合计持有60.53亿股的浦发银行 A股，约占浦发银行已发行股本的约18.18%。紧随 转换后，本集团合计持有60.53亿股的浦发银行A股(可能会因清算及交收原因而有所调整)，约占浦发银 行扩大后已发行股本的约18.18%。 转换完成后，广东移动尚持有合计面值人民币9560.4万元(约合1.05亿港元)浦发银行A股可转债。该等浦 发银行A股可转债于2025年10月27日到期。本集团无意行使相关换股权。 转换允许广东移动以与市场交易价格可比的价格认购浦发银行的 A股，同时有利于浦发银行补充其核心 一级资本、提升其资本实力和风险抵御能力，让本集团能够更好地分享浦发银行经营成效。董事认为， 转换的条款和条件属公平合理，并符合本公司及其股东的整体利益。 ...

Core Viewpoint - China Mobile announced that Guangdong Mobile will exercise its conversion rights to convert a total face value of RMB 1.484 billion of SPDB A-share convertible bonds into approximately 119 million shares of SPDB A-shares at a conversion price of RMB 12.51 per share, effective on October 24, 2025 [1] Group 1 - The total face value of the convertible bonds being converted is RMB 1.484 billion [1] - The conversion price set for the SPDB A-shares is RMB 12.51 per share [1] - The number of SPDB A-shares to be converted is approximately 119 million shares, subject to potential variations due to settlement and clearing reasons [1]

Core Viewpoint - China Mobile will exercise its conversion rights to convert its holdings of SPDB's convertible bonds into approximately 119 million shares of SPDB A-shares at a conversion price of RMB 12.51 per share, effective on October 24, 2025 [1] Summary by Relevant Sections - **Company Actions** - China Mobile is set to convert a total of RMB 1.484 billion in SPDB convertible bonds into A-shares [1] - The actual number of shares converted may vary due to settlement and clearing reasons [1] - **Financial Details** - The conversion price is set at RMB 12.51 per share, leading to an estimated conversion of about 119 million shares [1]

Core Viewpoint - China Mobile announced the exercise of its conversion rights for a total face value of RMB 1,483,828,000 (approximately HKD 1,626,095,056) in SPDB A-share convertible bonds, converting them into approximately 118,611,350 shares at a conversion price of RMB 12.51 (approximately HKD 13.71) per share [1]. Summary by Categories Company Actions - China Mobile will convert its holdings in SPDB A-share convertible bonds into shares, indicating a strategic move to increase its equity stake in the bank [1]. Financial Details - The total face value of the convertible bonds being converted is RMB 1,483,828,000, which is about HKD 1,626,095,056 [1]. - The conversion price is set at RMB 12.51 per share, equivalent to approximately HKD 13.71 [1]. - The number of shares to be converted is approximately 118,611,350, although the actual number may vary due to settlement and clearing reasons [1].

Summary of Key Points Core Viewpoint - On October 17, 2025, China Mobile (600941) reported a closing price of 107.93 yuan, reflecting a slight increase of 0.11% with a trading volume of 12.27 million hands and a total transaction amount of 1.326 billion yuan [1]. Trading Information - On October 17, the net inflow of main funds was 65.32 million yuan, accounting for 4.93% of the total transaction amount - Retail investors experienced a net outflow of 14.60 million yuan, representing 1.1% of the total transaction amount [1][3]. Company Announcement - China Mobile's board announced that on October 17, 2025, Guangdong Mobile exercised its conversion rights, converting a total of 1.874 billion yuan (approximately 2.054 billion HKD) of Shanghai Pudong Development Bank's A-share convertible bonds into approximately 149.81 million A-shares at a conversion price of 12.51 yuan per share (approximately 13.71 HKD) - Following this conversion, the group's holdings in Shanghai Pudong Development Bank's A-shares increased to approximately 5.935 billion shares, representing about 18.15% of the expanded share capital - The newly issued shares are subject to a five-year transfer restriction, and the conversion is deemed fair and reasonable, aligning with the overall interests of the company and its shareholders [1][3].

Core Points - China Mobile's stock price increased by 1.26% to 107.93 yuan as of October 17, 2025, with a market capitalization of 23,341.63 billion yuan, ranking 1st in the telecommunications services sector and 4th in the A-share market [1] Company Announcements - On October 13, 2025, Guangdong Mobile exercised its conversion rights, converting 5,631,454,000 yuan of SPDB A-share convertible bonds into 450,156,195 shares at a conversion price of 12.51 yuan per share, increasing its total holdings in SPDB A-shares to 5,785,049,019 shares, representing 18.18% of the enlarged share capital [1] - On October 17, 2025, Guangdong Mobile further converted 1,874,071,000 yuan of SPDB A-share convertible bonds into approximately 149,805,835 shares, raising its total holdings to about 5,934,854,847 shares, which is approximately 18.15% of the enlarged share capital [2] - The newly converted shares are subject to a five-year transfer restriction, and the conversions are in compliance with Hong Kong listing rules [2][3]

Core Viewpoint - China Mobile announced the exercise of conversion rights for its holdings in Shanghai Pudong Development Bank's convertible bonds, indicating a strategic move to increase its equity stake in the bank [1] Group 1: Conversion Details - China Mobile will convert a total face value of RMB 1.874 billion of Shanghai Pudong Development Bank's A-share convertible bonds at a conversion price of RMB 12.51 per share, resulting in approximately 149,805,835 shares [1] - Prior to the conversion, China Mobile held 5,785,049,012 shares of Shanghai Pudong Development Bank, representing about 17.80% of the bank's issued share capital [1] - Following the conversion, China Mobile's total holdings will increase to approximately 5,934,854,847 shares, which will account for about 18.15% of the bank's enlarged issued share capital, subject to adjustments due to settlement and clearing [1]

Core Viewpoint - China Mobile announced the exercise of conversion rights to convert its holdings of SPDB's convertible bonds into approximately 149,805,835 shares of SPDB A-shares at a conversion price of RMB 12.51 per share, effective on October 17, 2025 [1] Group 1 - The total face value of the convertible bonds being converted is RMB 1.874 billion [1] - Prior to the conversion, China Mobile held a total of 5,785,049,012 shares of SPDB A-shares, representing approximately 17.80% of SPDB's issued share capital [1] - After the conversion, the total shares held by China Mobile will increase to 5,934,854,847 shares, which will represent approximately 18.15% of the enlarged issued share capital of SPDB [1]

Core Viewpoint - China Mobile announced that Guangdong Mobile will exercise its conversion rights to convert a total face value of RMB 1.874 billion (approximately HKD 2.054 billion) of SPDB's A-share convertible bonds into approximately 150 million A-shares at a conversion price of RMB 12.51 (approximately HKD 13.71) per share by October 17, 2025 [1] Group 1 - The conversion allows Guangdong Mobile to subscribe to SPDB's A-shares at a price comparable to market trading prices [1] - This conversion will help SPDB replenish its core Tier 1 capital, enhancing its capital strength and risk resilience [1] - The group aims to better share in the operational results of SPDB through this conversion [1]