RONGZHONG FIN (03963) Plans to Issue HK$35 Million Convertible Bonds

Stock News09-03

RONGZHONG FIN (03963) announced that on September 3, 2025, the company intends to allot and issue convertible bonds with a principal amount of HK$35 million to the subscriber (Golden List Group Holdings Limited), to be paid in cash by the subscriber to the company.

The initial conversion price is set at HK$0.240 per share and is subject to adjustment. The board of directors believes that the issuance of convertible bonds creates an opportunity for an immediately available funding pool for the company's long-term operations.

The board currently plans to use the funds to expand the group's car rental business and believes this initiative will promote the group's overall development and expansion.

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