Core Viewpoint - The company, Zhangli International (01693), has entered into a capitalization agreement to issue approximately 29.5887 million capitalization shares at HKD 2.320 per share to settle outstanding redeemable secured bond debts owed by its subsidiary, BGMC Corporation [1] Group 1: Capitalization Agreement - The capitalization agreement is with trustee KP Lee Chambers, and the total subscription amount payable by the subscriber is approximately HKD 68.6459 million [1] - The issuance of capitalization shares will account for approximately 74.74% of the company's issued share capital as of the announcement date, and about 42.77% of the enlarged issued share capital post-issuance [1] Group 2: Debt Restructuring Background - This capitalization is a result of a debt restructuring implemented in 2022, where BGMC Corporation had issued redeemable secured bonds that were originally due for redemption by June 30, 2025, but have been extended twice to December 31, 2025 [1] - As of the announcement date, BGMC Corporation owes approximately HKD 68.6459 million to the holders of the redeemable secured bonds [1]

Core Viewpoint - The company, Zhangli International (01693), has entered into a capitalization agreement to issue approximately 29.5887 million capitalization shares at HKD 2.320 per share to settle outstanding redeemable secured bond debts owed by its subsidiary, BGMC Corporation, amounting to approximately HKD 68.6459 million [1] Group 1 - The capitalization shares represent approximately 74.74% of the company's issued share capital as of the announcement date [1] - The expanded issued share capital after the issuance of capitalization shares will be approximately 42.77% [1] - The capitalization is part of a debt restructuring initiated in 2022, where BGMC Corporation had issued redeemable secured bonds originally due by June 30, 2025, which have been extended twice to December 31, 2025 [1]