haichang hldg (02255.HK) announced that it has entered into a non-legally binding outline list of terms with an industry fund, agreeing that the fund intends to subscribe for $0.1 billion convertible bonds issued by the company. The potential financing is expected to make the fund a major shareholder of the company, introduce new directors and senior management, and establish significant strategic cooperation involving the company's current and future business. The funds raised will be used for general corporate capital expenditures and working capital, with a conversion premium rate higher than the pre-suspension closing price.