Convertible Bond Conversion Complete — Total Shares Reach 4.032 Billion

The parent company exercised early redemption of the Convertible Bonds issued in 2011. The conversion and redemption of all convertible bonds ended in February 2015, leading to an increase of 627,480,591 A shares. Total shares increased to 4.032 billion: 2.736 billion A shares and 1.296 billion H shares.

Capital Structure

The completion of the convertible bond conversion strengthened the parent company's capital structure by eliminating the debt component of the convertible bonds and increasing the equity base. The enlarged share capital provides a stronger foundation for future fleet investment and growth.