GLOBAL NEW MAT (06616) intends to issue convertible bonds denominated in RMB and settled in HKD.

GLOBAL NEW MAT (06616) announces that the Company intends to conduct an offering of convertible bonds denominated in RMB and settled in HKD, which will be issued by the Company only to professional investors. The Manager has been appointed as the bookrunner and manager for the proposed bond issuance. The Company will apply, or procure others to apply, for the listing of the convertible bonds on the Vienna MTF operated by the Vienna Stock Exchange (or such other internationally recognized stock exchange as the Company may determine from time to time). The Company will also apply, or procure others to apply, for the listing of the shares to be issued upon conversion of the convertible bonds on the Stock Exchange. The Company intends to use the net proceeds to refinance existing debts (including funding the simultaneous repurchase), replenish working capital, and for general corporate purposes.