Petro-king Oilfield Services Limited announced the issue of the 13.5% guaranteed and unsecured bonds in the aggregate principal amount of HKD 3,750,000 maturing on 31 March 2022 by the Company. Capitalised terms used herein shall have the same meanings as those defined in the Circular unless the context otherwise requires. The Board announces that on 11 March 2022 (after trading hours), with the approval of the relevant Bondholders in accordance with the relevant Bond Conditions of the 2022 Bonds, the Company executed a supplemental deed poll, pursuant to which certain terms of the 2022 Bonds set out in the relevant Bond Instrument in relation to the maturity date and early redemption were amended in the following manner.
The maturity date of the 2022 Bonds was extended from 31 March 2022 to 30 June 2023. The Company may, at any time before the maturity date, redeem the 2022 Bonds in such
amount as may be determined by the Company (in whole or in part in the amount of HKD 1,000,000 or an integral multiple thereof) by giving not less than one (1) month's prior written notice to the relevant Bondholder.