MILLENNIUM PG (08147) plans to issue convertible bonds with a total principal amount of HKD 15 million.

MILLENNIUM PG (08147) announced that on August 11, 2026, the company entered into a subscription agreement with the subscriber, Baiwei Venture Capital Co., Ltd., concerning the issuance of convertible bonds with a total principal amount of HKD 15 million. Upon full conversion of the convertible bonds at an initial conversion price of HKD 0.362 per share (subject to adjustment), a total of 41.445 million shares will be issued, representing approximately 20.00% of the company's existing issued share capital and approximately 16.67% of the company's issued share capital after the issuance of the convertible shares. The conversion shares will be allotted and issued under the general mandate. The net proceeds from the subscription are expected to be approximately HKD 15 million. The group intends to use the net proceeds from the issuance of the convertible bonds for general working capital, including, but not limited to: settling trade payables, repaying other borrowings, paying legal and professional fees, employee costs, as well as other operating and general administrative expenses.