KARRIE INT'L (01050) plans to issue convertible bonds worth 150 million Hong Kong dollars.

KARRIE INT'L (01050) announced that on October 13, 2025 (after trading hours), the company entered into a subscription agreement with the subscriber (Mr. He Jiang Hui), whereby the subscriber conditionally agreed to subscribe for convertible bonds issued by the company in the principal amount of HK$150 million. Assuming the convertible bonds are converted at a conversion price of HK$2.30 per share (adjustable), a maximum of 65,217,391 shares of convertible stock will be issued and allotted. This represents approximately 3.23% of the company's issued share capital as of the announcement date and approximately 3.13% after the issuance of the convertible shares. The initial conversion price of HK$2.30 per share represents a discount of approximately 7.26% compared to the trading price of HK$2.48 per share on the Stock Exchange of Hong Kong on October 13, 2025 (the date of the subscription agreement). The total amount raised from the subscription is approximately HK$150 million, with a net amount of approximately HK$149.75 million. The company intends to use the net proceeds to expand overseas production capacity through various means, including but not limited to purchasing new machinery, constructing new production facilities in Thailand, and engaging in mergers and acquisitions in overseas markets to meet the increasing orders from overseas markets.