Energy & Energy Global (01142) plans to issue convertible bonds with an initial principal amount of US$10 million

Zhitong Finance App News, Energy & Energy Global (01142) announced that on August 27, 2026, the company, the subscriber (Arena Investors, L.P. (for and on its behalf)) and the chargeholder (Dongyuan Holdings Co., Ltd.) entered into a subscription agreement. According to this, the company conditionally agreed to issue to the subscriber and the subscriber conditionally agreed to subscribe for convertible bonds with an initial principal amount of 10 million US dollars. If the subscriber chooses to pay all or part of the structure fee by issuing additional convertible bonds, the initial principal amount can be increased up to a maximum $800,000.

The preliminary exchange price of HK$0.0945 per share refers to a premium of approximately 3.85% of the closing price of HK$0.091 per share reported on the Stock Exchange on the date of the subscription agreement. The net proceeds from the issuance of convertible bonds are intended to be used for the following purposes: (i) approximately 10% to strengthen the Group's energy trading business, including oil, coal and gas trade; (ii) approximately 20% for the Group's general working capital, including but not limited to staff costs, administrative expenses and daily operating expenses; (iii) the remaining 70% will be used for the Group's development and business expansion, and to identify potential business and investment opportunities in line with its overall strategic plan.