MINDTELL TECH (08611) intends to issue convertible bonds in the amount of HKD 28.6 million to the executive director, Zhang Rongxuan.

MINDTELL TECH (08611) announced on October 24, 2025, that the company plans to issue convertible bonds in the amount of HK$28.6 million to Executive Director Mr. Zhang Rongxuan. The conversion price per share is HK$0.550, representing a discount of approximately 17.9% from the closing price of HK$0.670 per share on the last trading day on the Stock Exchange. Approximately 60% of the proceeds will be mainly invested in hardware to enhance the group's existing capabilities and provide automation solutions for different industries; 20% will be used to recruit software developers and professional staff to expand the manpower, as well as provide incentives to retain talent; and 20% will be used to support daily operations and other integration costs.