Chenxing Technology (01640) completes the issuance of convertible bonds totaling HK$256.6 million in principal.

Qiansun Technology (01640) announced that all the preconditions of the placement agreement have been met, and the completion was finalized on February 28, 2025. Convertible bonds with a total principal amount of HK$256.6 million were successfully issued and placed to no less than 6 placing agents on February 28, 2025. Based on the preliminary conversion price of HK$2.60 per share (subject to adjustment), the Company will issue and distribute 98.7038 million shares of convertible stock after the exercise of the conversion rights attached to the convertible bonds, equivalent to approximately 17.63% of the total issued shares as of the date of this announcement; and the total issued shares enlarged by the distribution of 98.7038 million shares of convertible stock is approximately 14.98% (assuming that there are no other changes in the total issued shares during the conversion period from the date of this announcement to the principal amount of HK$256.63 million convertible bonds).