VOBILE GROUP (03738) completes issuance of HK$530 million 3.75% convertible bonds due 2027

VOBILE GROUP (03738) announces that all conditions precedent under the subscription agreement have been fulfilled, and completion took place on October 27, 2026, with the bond issuance completed on October 27, 2026. The bonds were listed on the Vienna MTF operated by the Vienna Stock Exchange on October 27, 2026. The bonds have been placed by the manager to not fewer than six independent subscribers (all of whom are professional investors). To the best of the directors' knowledge, as at the date of this announcement, each subscriber and their respective ultimate beneficial owners are independent third parties of the Company. Assuming the bonds are fully converted into new shares at the initial conversion price and after deducting the manager's commission and other estimated fees and expenses relating to the bond issuance, the estimated net proceeds from the bond issuance by the Company will be approximately HK$519.3 million, representing a net issue price of HK$2.959 per new share calculated at the initial conversion price. The Company intends to use approximately HK$514 million of the net proceeds from the bond issuance to repay existing debts due within this year, and to use the remaining net proceeds for general working capital purposes (including replenishing the Group's working capital and paying operating expenses).