On April 30, Gelonghui (09923.HK) issued an announcement. The relevant company issued 6.25% convertible bonds with a total principal amount of 70 million US dollars due in 2027. In order to increase shareholders' returns and demonstrate the company's confidence in its long-term business development prospects, as of April 30, 2024, the company has repurchased convertible bonds with a total principal amount of 15 million US dollars (“repurchased convertible bonds”), which is equivalent to about 21.4% of the principal amount of the original convertible bonds issued. These repurchases are funded from within the Group's resources and will not have a significant impact on the company's financial position. All repurchased convertible bonds are expected to be written off as soon as practicable. After cancellation of the repurchased convertible bonds, the total principal amount of the convertible bonds still outstanding will be US$55 million, which can be converted into 18.55 million shares of the company.

The Board of Directors is confident about the Group's operating growth and business development prospects. The Group will continue to consolidate domestic business while developing overseas business and expanding the application of cutting-edge technologies such as generative AI.