Core Viewpoint - The company has entered into a loan capitalization agreement with Han Hai Capital, allowing for the issuance of 87.5 million capitalization shares at a price of HKD 0.4 per share, which will help the company manage its financial obligations without utilizing existing financial resources [1] Group 1: Loan Capitalization Agreement - The loan capitalization agreement involves the company, Mr. Hu Yangjun as the creditor, and Han Hai Capital as the subscriber [1] - Han Hai Capital will subscribe for 87.5 million capitalization shares, which represents approximately 21.23% of the total issued shares as of the announcement date [1] - The total subscription price for the capitalization shares will be settled through capitalization and offsetting part of the loan after the loan capitalization is completed [1] Group 2: Financial Implications - The company currently lacks the ability to repay the amounts owed to Mr. Hu without tightening existing financial resources [1] - Loan capitalization allows the company to clear part of its existing liabilities while avoiding cash outflows [1] - The enlarged total issued shares after the capitalization will represent approximately 17.51% of the total issued shares, assuming no changes in the number of issued shares from the announcement date until the completion of the loan capitalization agreement [1]
中发展控股拟向瀚海资本发行8750万股资本化股份