Jintai Energy clarifies HK$ 123.29 million convertible notes terms, keeps conversion price at HK$ 0.03

PUBT
2026.06.17 14:43
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Jintai Energy issued a supplemental clarification on amended Convertible Notes terms via a deed dated May 19, 2026. The principal remains HK$123.29 million with 8% simple annual interest. Accrued unpaid interest reached HK$38.41 million. Maturity is July 17, 2027, extendable to July 17, 2028. Full conversion at HK$0.03 implies approximately 5.78 billion shares in 2027 or 6.11 billion in 2028.