Prosperity Investment Holdings Limited announced a placing agreement on a best effort basis for not less than six (6) Placees to
subscribe in cash for the convertible notes in an aggregate principal amount of up to HKD5,000,000 on November 16, 2023. Conversion Price for the convertible notes is HKD0.166 per conversion share upon full exercise and conversion of the conversion notes, a maximum of 30,120,481 new shares will be issued. Coupon rate is 8% per annum and maturity date will be the date falling on the second (2nd) anniversary of the date of first issue of the convertible notes or if that is not a business day, the first business day thereafter.