Group 1 - The company, Jixing New Energy (03395), has entered into a loan capitalization agreement to settle shareholder loans of CAD 3.8382 million and issue 210 million capitalization shares at HKD 0.30 each to settle debts amounting to CAD 7.4943 million (approximately HKD 41,662,719.59) [1] - The capitalization shares will represent approximately 25.73% of the company's enlarged issued share capital, assuming no changes in the issued share capital between the announcement date and the completion date [1] - The issue price of HKD 0.30 per capitalization share reflects a discount of about 1.64% compared to the closing price of HKD 0.305 on the date of the loan capitalization agreement [1] Group 2 - The loan settlement plan allows the company to clear existing liabilities without utilizing internal financial resources, thus avoiding cash outflow [2] - Upon completion, the company's debt ratio will decrease, improving its financial condition [2] - The ongoing property exploration and development require substantial additional capital investment, and failure to secure further financing or raise funds through asset sales could delay or suspend the development of promising properties [2]
吉星新能源(03395)、吉星能源及柳永坦订立贷款资本化协议