Fortune Group (03738.HK) plans to issue HK$1.6 billion worth of zero-coupon convertible bonds due in 2026, to enhance its AIGC and RWA businesses.

Caijing APP News, Fu Bo Group (03738.HK) announced that on September 22, 2025, the company (as the issuer) entered into a subscription agreement with an agent. According to the terms and conditions of the subscription agreement, the agent has agreed to subscribe to the company's total principal amount of HK$1.6 billion in bonds and make payment for it, or cause subscribers to subscribe to such bonds and make payment for it. Under the terms and conditions, the bonds can be converted into shares at an initial conversion price of HK$5.87 per share (adjustable). The initial conversion price represents a premium of approximately 15.10% over the closing price of HK$5.10 per share of the shares on the Hong Kong Stock Exchange on September 22, 2025 (the transaction date of the subscription agreement).