Gelonghui July 7th 丨Shengyang Group (08163.HK) announced that on July 7, 2023, Jin Xiaobin will transfer Jin Xiaobin's 2008 convertible bonds (“First Transfer of Convertible Bonds”) with a principal amount of HK$7.034 million (“First Sale of Convertible Bonds”) to Huilang. After the initial transfer of convertible bonds was completed, Huilang became the registered holder of the first convertible bond for sale with a principal amount of HK$7,034,000.
According to the terms and conditions of 2008 convertible bonds, the conversion price for 2008 convertible bonds is HK$0.90 per convertible share. The total number of shares to be issued after the conversion of all convertible bonds for sale for the first time is 7,815,555 shares.
On July 7, 2023, Shang Xiaodong transferred 2008 convertible bonds with a principal amount of HK$7,034,00 (“Second Transfer of Convertible Bonds”) held by Mr. Shang to Huilang (“Second Transfer of Convertible Bonds”). After the completion of the second transfer of convertible bonds, Huilang became the registered holder of the second convertible bond for sale with a principal amount of HK$7,034,000.
According to the terms and conditions of 2008 convertible bonds, the conversion price for 2008 convertible bonds is HK$0.90 per convertible share, and the total number of shares to be issued after all convertible bonds for sale for the second time have been converted is 7,815,555 shares.
At the date of the announcement, the outstanding principal amount of 2008 convertible bonds was HK$14,068,000, including the first convertible bonds to be sold and the second convertible bonds to be sold.