CCT Fortis(00138) released a notice on June 5th, 2024. Treasure Goal International Limited (Bao Gao International Limited, the subscriber of exchangeable bonds and fully owned by Ma Shaotang, the chairman, CEO, executive director and controlling shareholder of the company), transferred part of the convertible bonds with a total amount of HKD 20 million to Cheer Fame International Limited (Xiwei International Limited, a wholly-owned subsidiary of Ma Junqiao, the son of Ma Shaotang and a related party of the company).
According to the terms and conditions of the convertible bonds, without obtaining prior written consent from the Company, no person related to the Company (as defined in the Listing Rules) may transfer any or all of the convertible bonds.
The board of directors believes that the transfer does not constitute a change in the terms and conditions after the issuance of convertible bonds, and the transfer will not affect the overall interests of the Company and shareholders. The Company has given written consent to the transfer.
After the transfer is completed, the subscriber holds convertible bonds with a total amount of HKD 83 million, while Cheer Fame International Limited holds convertible bonds with a total amount of HKD 20 million.
After completing the transfer, the subscriber holds HKD 83 million worth of convertible bonds, while Cheer Fame International Limited holds HKD 20 million worth of convertible bonds.