TUS International Limited (SEHK:872) announced that it has entered into an agreement for a private placement of 626,425,871 common shares at a price of HKD 0.6084 for gross proceeds of HKD 381,117,499.9164 and convertible bonds for gross proceeds of HKD 89,882,500; for aggregate gross proceeds of HKD 470,999,999.9164 on January 11, 2019. The transaction will include participation from returning investor Lotus Lake Ventures Management (Beijing) Co., Ltd. for 239,345,003 common shares for gross proceeds of HKD 145,617,499.8252 and convertible bonds for gross proceeds of HKD 89,882,500 and new investor E-Town International Holding(Hong Kong)Co,Limited for 387,080,868 shares for gross proceeds of HKD 235,500,000.0912. The shares issued will have a par value of HKD 0.01. The bonds will bear no interest. The bonds will be issued in denominations of HKD 10,000 or its multiples. The bonds will be fully convertible into 147,735,865 shares at a fixed conversion price of HKD 0.6084 per share. The bonds will mature on the sixth anniversary of the date of issue and will be redeemable at the maturity. The transaction is subject to the approval of the shareholders of the company at the extraordinary general meeting and the listing committee of the Stock Exchange. The shares issued will be subject to a lock-up period of 2 years from the date of closing. The company will incur issue expenses of approximately HKD 1,000,000 in the transaction.