BC Technology Group Limited (SEHK:863) announced that it will receive HKD 15,600,000 in a round of funding on November 10, 2019. The company will issue convertible notes in the transaction. The company will issue the notes at 5% per annum on the principal amount outstanding under the note from time to time. If an event of default occurs, the interest rate shall automatically be increased to 10% per annum. The notes will mature on December 31, 2020. The notes can be fully convertible at a conversion price of HKD 9.52 per conversion share into 1,638,655 conversion shares, subject to adjustments which include subdivision or consolidation of the shares. The redemption amount shall be the sum representing 100% of the principal amount of the outstanding convertible note plus all accrued and unpaid interest.