Jingtai Holdings (02228) plans to issue zero interest convertible bonds with a principal amount of HK$2,866 billion due in 2027

Zhitong Finance App News, Jingtai Holdings (02228) announced that on January 7, 2026 (after the trading period), the company signed a subscription agreement with the manager. According to this, the company has agreed to issue zero-interest convertible bonds with a total principal amount of HK$2,866 billion due in 2027, and the managers have individually (but not jointly) agreed to subscribe and pay or cause the subscribers to subscribe and pay for such bonds, subject to certain conditions set forth in the subscription agreement. Assuming that the bonds were all converted at the initial conversion price of HK$13.85 per share, the bonds would be converted to approximately 207 million shares.

After the issuance of bonds is completed, the company plans to use the net proceeds from issuing bonds to: enhance the company's domestic and international R&D capabilities and one-stop solution provision capabilities; enhance domestic and international commercialization capabilities and expand business development and marketing teams; expand domestic and international delivery and R&D capabilities through plant construction; and working capital and general corporate use.