Co-Lead Holdings Limited announced that it has entered into a subscription agreement for a private placement of convertible bonds for gross proceeds of HKD 100,000,000 on April 21, 2021. The transaction included participation from PYI Corporation Limited (SEHK:498). The bonds are convertible into up to 333 conversion shares at the conversion price of HKD 300,000 per share. The bonds shall mature on December 31, 2023. Interest shall be payable on the principal amount of the bonds at the rate of 6% per annum on a quarterly basis on the last business day of March, June, September and December respectively commencing from the date of the issuance.