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According to Techub News, the Hong Kong Stock Exchange announced that Hong Kong listed company Yi Li Holdings Limited has signed an agreement for the issuance of convertible bonds valued at HKD 19.95 million, which will be used to develop Web3.0 business. This batch of convertible bonds is a zero-coupon six-year bond maturing in 2031, with a conversion price of HKD 0.25. Assuming all bonds are exercised and converted, up to 79.8 million new shares can be issued and allotted, accounting for 18.44% of the existing issued share capital of the company as of the subscription agreement date and 15.57% of the issued shares after the issuance of new shares.

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