According to the Zhitong Finance App, Huisi Pacific (08147) issued an announcement. On July 16, 2024, the company received a conversion notice relating to the exercise of the exchange rights attached to the convertible bonds. The convertible bonds with a principal amount of HK$6.5 million were exchanged at the exchange price of HK$0.32 per share and converted to 20.3125 million shares for shares (Shengfa Stock Exchange). Therefore, on July 19, 2024, in accordance with the terms and conditions of the convertible bonds, 20.3125 million shares were distributed to Shengfa in accordance with the relevant general authorization, which is equivalent to approximately 19.71% of the total number of shares issued immediately before such exchanges (see definitions below) and approximately 14.17% of the total number of issued shares expanded by issuing exchange shares after such exchanges.

On July 16, 2024, the company received Wei Haiquan's conversion notice relating to the exercise of the share exchange rights attached to the convertible bonds. The convertible bonds with a principal amount of HK$3 million were exchanged for shares at the exchange price of HK$0.15 per share and converted to 20 million shares (Wei Haiquan exchanged shares, together with Shengfa Stock Exchange, collectively referred to as “such exchange”). Therefore, on July 19, 2024, according to the terms and conditions of the convertible bonds, 20 million shares were distributed to Wei Haiquan in accordance with the relevant general authorization, which is equivalent to about 19.40% of the total number of shares issued immediately before such exchanges and approximately 13.95% of the total number of shares issued after the shares were extended through the issuance of exchange shares.