Ancient Tea: Completion of the issuance of 1.96 billion Hong Kong dollars zero-coupon guaranteed convertible bonds.

On July 2nd, Gu Ming announced on the Hong Kong Stock Exchange that all the preconditions for the issuance of the subscription agreement have been met, and the subscription and issuance of bonds with a total principal amount of 1.96 billion Hong Kong dollars have been completed on July 2nd. The company will apply for the convertible bonds to be listed on the Vienna Stock Exchange. The company has been approved to convert shares for listing and trading on the Hong Kong Stock Exchange. The group plans to use the net proceeds from the bond issuance for the purchase of raw materials and equipment, repayment of existing interest-bearing bank loans and other loans, share repurchases, and research and development investments.