Cinda International Holdings Limited Announces Disposals of Fixed Income Investments

Date of Announcement: 11 March 2026
Company: Cinda International Holdings Limited (Stock code: 111)

Key Highlights of the Report

• Disposal of Four Bonds: On 10 March 2026, Cinda International Holdings Limited disposed of four fixed income investments on the open market:
  • Liaocheng Bonds: Disposed at a principal amount of US\$3.30 million, with consideration of approximately US\$3.29 million (HK\$25.66 million).
  • Weifang Ocean Bonds: Disposed at a principal amount of RMB22 million, with consideration of approximately RMB21.85 million (HK\$24.04 million).
  • Bazhong Bonds: Disposed at a principal amount of RMB22 million, with consideration of approximately RMB22.23 million (HK\$24.45 million).
  • Binzhou High-tech Bonds: Disposed at a principal amount of US\$3.30 million, with consideration of approximately US\$3.32 million (HK\$25.90 million).
• Gains from Disposals:
  • Liaocheng Bonds Disposal: Estimated unaudited gain of US\$0.13 million (HK\$1.01 million).
  • Weifang Ocean Bonds Disposal: Estimated unaudited gain of RMB2.53 million (HK\$2.78 million).
  • Bazhong Bonds Disposal: Estimated unaudited gain of RMB2.59 million (HK\$2.85 million).
  • Binzhou High-tech Bonds Disposal: Estimated unaudited gain of US\$0.41 million (HK\$3.20 million).

  All gains are subject to final audit by the Company’s auditors.

• Use of Proceeds: Proceeds from these disposals will be used for general working capital and may also be deployed for new investment opportunities if suitable options arise.
• Listing Rules Implications: Each disposal constitutes a discloseable transaction under Chapter 14 of the Listing Rules as one of the percentage ratios exceeds 5% but is less than 25%. Hence, notification and announcement requirements apply, but shareholder approval is not required.

Details of the Disposed Bonds and Issuers

• Liaocheng Bonds:
  • 6.95% bonds due 16 April 2027, issued by Liaocheng Eastern New City Investment Holding Group Co., Ltd., a state-owned enterprise specializing in infrastructure and affordable housing construction in Liaocheng City, PRC.
• Weifang Ocean Bonds:
  • 6.9% guaranteed bonds due 20 November 2027, issued by Binhai International (BVI) Co., Ltd., an indirect wholly-owned subsidiary of Weifang Ocean Development Group Co., Ltd. The guarantor is a state-owned company engaged in goods sales, labor dispatch, financial services, water supply, and environmental sanitation, controlled by the Finance Bureau of Weifang Binhai Economic and Technological Development Zone.
• Bazhong Bonds:
  • 7.8% bonds due 12 August 2027, issued by Bazhong Development Holding Group Co., Ltd., wholly-owned by the State-owned Assets Supervision and Administration Commission of Bazhong Municipal Government, focusing on capital operation, equity investment, financial services, and asset management.
• Binzhou High-tech Bonds:
  • 6.9% guaranteed bonds due 27 March 2028, issued by Binzhou High-tech Caijin Investment Group Co., Ltd. (51% held by Binzhou State-owned Capital Investment Operation Group Co., Ltd., 49% by the Finance Bureau of Binzhou High-tech Industrial Development Zone). The guarantor is a subsidiary of the State-owned Assets Supervision and Administration Commission of Binzhou Municipal Government, mainly engaged in infrastructure construction and public utilities.

Important Information for Shareholders

• Potential Impact on Share Value:
  • The disposals generated unaudited gains for the Company, improving its liquidity position and potentially strengthening its balance sheet.
  • The Company’s decision to realize these investments reflects active portfolio management, possibly in response to recent price performance of the bonds.
  • As proceeds may be redeployed into new investments or used for working capital, this could affect the Company’s future earnings and risk profile.
• Price Sensitivity:
  • The disposals are price sensitive events as they may influence future investment returns, operational flexibility, and the Company’s capacity for new ventures.
  • Since these transactions do not require shareholder approval, investors should monitor Company announcements for subsequent deployment of the proceeds.

Board’s View and Rationale

The Board believes that disposing of these bonds at current market prices represents a timely opportunity to realize gains, especially considering recent market movements. The disposals are considered fair, reasonable, and in the interest of the Company and its shareholders.

Additional Notes

• The purchasers of the bonds are independent third parties, and the disposals were executed via independent securities brokers on the open market.
• The four bond issuers and their respective guarantors are not related, and thus the transactions are not aggregated under the Listing Rules.
• The announcement includes details on the Company’s directors and key management.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with professional advisors before making investment decisions. All financial figures are unaudited and subject to final verification. Market movements and future Company announcements may materially affect the Company’s share price.

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