JIUFANG DIGITAL (08238) has announced that on September 18, 2026, the company plans to issue convertible bonds with a total principal amount of HK$13.92 million to subscriber Goldfield Capital Holdings Limited.

Upon full conversion of the convertible bonds at an initial conversion price of HK$0.20 per conversion share (subject to adjustment), a total of 69.6 million conversion shares will be issued, representing approximately 20% of the company's existing issued share capital and approximately 16.7% of the issued share capital enlarged by the issuance of conversion shares.

Where to begin: The net proceeds from the subscription are expected to amount to approximately HK$13.9 million. The group intends to utilize the net proceeds raised from the issuance of the convertible bonds as general working capital, including settlement of the group's trade payables and debts, construction and operating expenses of the northern regional center, development and upgrade of existing AI marketing systems, payment of legal and professional fees, employee costs, as well as other operating and general administrative expenses.