Huayi Tencent Entertainment Company Limited entered into subscription agreement with United Strength LS Limited, has agreed to issue Unsubordinated Convertible Tranche A Bonds for aggregate principal amount of HKD 120,000,000 on March 7, 2024. The bonds bear a coupon rate 10% and mature on the second anniversary of the Issue Date of the Tranche A Bonds. The bonds will be convertible 1,183,431,952 Conversion Shares at a conversion price of HKD 0.1014.

Interest on the bonds will be payable semi annually on 30 June and 31 December in each year.