Jiufang Digital completes HK$13.92 million convertible bond issuance, opening path for 69.60 million new shares

Bulletin Express10-06

Jiufang Digital Technology Holdings Limited announced the successful completion of its convertible bond issuance under general mandate on 6 October 2026. The company confirmed that all conditions precedent in the Subscription Agreement were fulfilled, enabling the placement of convertible bonds with an aggregate principal amount of HK$13.92 million.

The bonds are convertible at an initial price of HK$0.20 per share, allowing investors to exchange the full principal into 69.60 million new shares. This potential conversion corresponds to approximately 20.00% of Jiufang Digital’s current issued share capital and about 16.67% of the enlarged share base post-conversion.

The transaction, first announced on 18 September 2026, was executed under the company’s general mandate, avoiding the need for additional shareholder approval. The board—comprised of four executive, one non-executive and three independent non-executive directors—underscored that the disclosure complies with GEM Listing Rules and confirmed the information’s accuracy and completeness.

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