Gelonghui June 19 丨MiG International Holdings (01247.HK) announced that the Company has received a notice from Goldrun Limited (as the bond holder) regarding the exchange of the share rights attached to the convertible bond with the principal amount of RMB 15,763,478 (i.e. HK$18,128,000) at the initial exchange price of HK$1.10 per common share. As a result, the Company distributed and issued 16,480,000 shares (“Exchange”) to Goldrun Limited on June 19, 2023.

After the exchange of shares, the 16,480,000 convertible shares that have been issued enjoy the same benefits in all respects as all other existing issued common shares, and is equivalent to approximately 10.4% of the total number of common shares issued by the company expanded through the allocation and issuance of 16,480,000 convertible shares after the exchange.