Wisdom Rise Group Holdings (08370) plans to issue convertible bonds worth 1.1775 billion Hong Kong dollars to Xu Weilun and Hung Kwong Yee.

Zhisheng Group Holdings (08370) released an announcement on June 3, 2026, stating that the company has entered into a subscription agreement with subscribers. The company conditionally agrees to issue convertible bonds with a principal amount of HK$117.75 million, while the subscribers conditionally agree to subscribe for them. Subscriber A is Mr. Xu Weilun, a businessman who does not have any equity interest in any shares on the date of this announcement. Subscriber B is Mr. Hong Guangyi, the Chairman, Executive Director, and Chief Executive Officer of TEN PAO GROUP Holdings Limited (a limited company registered in the Cayman Islands, with shares listed on the main board of the Hong Kong Stock Exchange (01979)). Subscriber B also does not have any equity interest in any shares on the date of this announcement. The group is developing its data center business and requires significant funding for the related developments. The company believes that the subscription is a suitable and timely opportunity for the company, as exercising the conversion right attached to the bonds by bondholders can strengthen the group's financial position and working capital, expand its shareholder and capital base, and provide a premium to the current market price of the shares. The bonds will not have an immediate dilutive effect on existing shareholders' equity. Therefore, the subscription agreement entered into by the company and subscribers after fair negotiations is fair, reasonable, and concluded on normal commercial terms, serving the overall best interests of the company and shareholders.