LINGBAO GOLD (03330) plans to issue zero-coupon convertible bonds with a principal amount of HK$1.166 billion.

LINGBAO GOLD (03330) announced that on November 24, 2025 (after trading hours), the company and the lead underwriter signed a subscription agreement. The company will issue 1.166 billion Hong Kong dollars of zero-interest convertible bonds due in 2026, with an initial conversion price of 17.83 Hong Kong dollars per share of H shares, representing a premium of approximately 16.0% over the last closing price of H shares on the Hong Kong Stock Exchange on November 24, 2025, at 15.37 Hong Kong dollars per share. After the bond issuance is completed, the net proceeds from the subscription bonds are expected to be approximately 1.1516 billion Hong Kong dollars, intended for the acquisition and integration of high-quality overseas gold mining assets, as well as for supplementing the company's working capital and repaying existing loans.