According to the announcement from hao bai intl (08431), it has completed the debt capitalization and issuance of new shares under the general authorization. The board of directors announced that all the conditions set out in the agreement have been met and the delivery was completed on August 26, 2024. A total of 19.54 million shares of capitalization have been successfully subscribed and issued to the creditors at a subscription price of 0.135 Hong Kong dollars per share in accordance with the terms of the agreement. The capitalized shares represent approximately 5.88% of the issued share capital of the company immediately before delivery; and approximately 5.56% of the issued share capital after the capitalization shares have been expanded and issued following the delivery.