Century Entertainment International Holdings Limited entered into the subscription agreement with new investor Ng Man Sun for issuance of convertible bond at a price of HKD 32,000,000 for gross proceeds of HKD 32,000,000 on October 16, 2023. The bond has a principal amount of HKD 32,000,000. The bond has a maturity of 36 months from the date of issue and is interest free.

The bond has a conversion price of HKD 0.256 per share, subject to adjustments. Assuming full conversion of the principal amount of the convertible bond of HKD 32,000,000 at the conversion price, a total of maximum 125,000,000 shares with aggregate nominal value of HKD 1,250,000 will be issued, representing approximately 97.47% of the total existing issued share capital of the company and approximately 49.36% of the company?s total issued share capital as enlarged by the issue of the conversion shares.