KIDSLAND INTL (02122.HK) announced that on January 23, 2026, the company received a conversion notice from "Asian Glory Holdings Limited" regarding the conversion of its 250 million shares of convertible preferred stock. Asian Glory is the company's existing controlling shareholder and is wholly owned by the company's Chairman of the Board, CEO, and Executive Director Li Chengyao. Due to the conversion, the company will allocate and issue a total of 250 million new ordinary shares of the company (conversion shares) to Asian Glory.

The company stated that the conversion shares will rank equally with all existing ordinary shares of the company in all respects as of the date of allocation and will represent approximately 18.44% of the enlarged issued share capital after the allocation and issuance of the conversion shares. Asian Glory's shareholding will increase from 57.52% to 65.35%