Heritage Education Group Limited (Stock Code: 8195) entered into a subscription agreement with Mr. Ye Long, Ms. Yang Xin Yi, Ms. Wu Yan An, Ms. Zhang Jing Yu and Ms. Cheng Kaining on the condition of the issuance and subscription of convertible bonds totaling HK$1500 million after the trading period on 24 April 2024. Upon full conversion, the bond will convert to 10,135,134 Exchange Shares at an initial exchange price of HK$1.48 per share, representing approximately 2.2% of the total shares issued upon expansion. The company expects net proceeds of approximately HK$14.8 million to be used to expand its existing business. The exchange shares will be requested to be listed on the exchange and the convertible bonds will not be listed. Completion of the subscription agreement is subject to a number of prerequisites and may or may not take place. Shareholders and potential investors should exercise caution.

Heritage Education Group Limited (Stock Code: 8195) entered into a subscription agreement with Mr. Ye Long, Ms. Yang Xin Yi, Ms. Wu Yan An, Ms. Zhang Jing Yu and Ms. Cheng Kaining on the condition of the issuance and subscription of convertible bonds totaling HK$1500 million after the trading period on 24 April 2024. Upon full conversion, the bond will convert to 10,135,134 Exchange Shares at an initial exchange price of HK$1.48 per share, representing approximately 2.2% of the total shares issued upon expansion. The company expects net proceeds of approximately HK$14.8 million to be used to expand its existing business. The exchange shares will be requested to be listed on the exchange and the convertible bonds will not be listed. Completion of the subscription agreement is subject to a number of prerequisites and may or may not take place. Shareholders and potential investors should exercise caution.