Gelonghui October 31Venture Group Holdings (02221.HK) announced that as of the date of this announcement, due to the current market conditions and the financial arrangements of Convertible Bond subscriber B, Convertible Bond subscriber B is considering not to continue to pay the principal amount of HK $9.99936 million to the Company, and the Company has not issued the corresponding Convertible Bonds to Convertible Bond subscriber B in accordance with the Convertible Bond subscription Agreement B.
After further discussion and discussion with the Convertible Bond subscriber B, the Company and the Convertible Bond subscriber B decided not to continue to implement the proposed transaction under the Convertible Bond subscription Agreement B. the deed of termination of the Convertible Bond subscription Agreement B was entered into on 31 October 2023.