Jiutai Digital (06918) plans to issue convertible bonds with a total principal amount of HK$21 million

According to Zhitong Finance App, Jiutai Digital (06918) announced that on September 17, 2026, the company plans to issue convertible bonds with a total principal amount of HK$21 million to the subscriber (Cotton Field Business Co., Ltd.). Convertible bonds will issue a total of 175 million shares after all conversion according to the initial exchange price of HK$0.12 per share (subject to adjustment), which is equivalent to approximately 20.00% of the company's existing issued share capital and approximately 16.67% of the company's issued share capital after expanding the issued shares. The net proceeds from the subscription will be approximately HK$21 million. The Group intends to use the net proceeds from the issuance of convertible bonds to repay the Group's debts and general working capital, including repayment of employee costs, legal and professional expenses, auditor remuneration, rent expenses and other operating expenses.