Core Viewpoint - China Ruyi (00136) has entered into a subscription agreement with the lead underwriter to issue bonds totaling HKD 2.574 billion, which can be converted into approximately 990 million shares, representing about 5.89% of the company's existing issued share capital [1] Group 1: Bond Issuance Details - The total principal amount of the bonds to be issued is HKD 25.74 billion, subject to the terms and conditions of the subscription agreement [1] - The estimated net proceeds from the bond issuance, after deducting expenses, commissions, and other related costs, is approximately HKD 25.48 billion, equating to a net issue price of about HKD 2.574 per share [1] Group 2: Use of Proceeds - Approximately 23.27% of the net proceeds will be used to repay group debt [1] - About 14.36% will be allocated for part of the cost to acquire a 30% stake in Beijing Yonghang Technology Co., Ltd [1] - Approximately 20.02% will be used for strategic investments and acquisitions to expand the group's business [1] - Around 15.31% will be utilized for operational needs of the group's gaming business [1] - About 27.04% will be directed towards the production of series for the streaming platform [1]