China Technology Industry Group Limited announced that it has entered into a subscription agreement for a private placement of convertible bonds for gross proceeds of HKD 32,000,000 on September 30, 2022. The bonds carry an initial Conversion Price of HKD 2.5, and will mature on April 1, 2024. The bonds are redeemable and non transferable.

The transaction will include participation from individual investor Zhang Jinhua.