Gelonghui October 31st 丨Venture Group Holdings (02221.HK) issued an announcement. As of the date of this announcement, due to current market conditions and convertible bond subscriber B's own financial arrangements, convertible bond subscriber B is considering not continuing to pay the principal amount of HK$999.36 million to the company, and the company has not issued corresponding convertible bonds to convertible bond subscriber B in accordance with the convertible bond subscription agreement.
After further negotiations and discussions with Convertible Bond Subscriber B, the Company and Convertible Bond Subscriber B decided not to continue implementing the transactions proposed under the Convertible Bonds Subscription Agreement B, and concluded a termination deed for convertible bond subscription agreement B on October 31, 2023.