Genertec Medical: $90m convertible bond transferred to China CITIC Bank subsidiary

Genertec Universal Medical Group Company Limited announced the completion of a transfer of convertible bonds. On October 30, 2025, CCP Leasing II Limited, the original subscriber, transferred convertible bonds with an aggregate principal amount of $90,000,000 to Dragonland International Development Limited. The company provided its written consent for this transaction.

As a result of this transfer, Dragonland International Development Limited now holds the $90,000,000 principal amount of convertible bonds, while CCP Leasing II Limited no longer holds any. Dragonland International Development Limited, a Hong Kong-incorporated company engaged in hotel property management, is an indirect wholly-owned subsidiary of China CITIC Bank Corporation Limited. The board confirmed that the transfer does not alter the terms of the bonds or negatively impact the company or its shareholders.

Assuming full conversion of the $90,000,000 outstanding convertible bonds, these will convert into 122,665,263 conversion shares, representing approximately 6.48% of the company's issued share capital as of the announcement date (1,891,539,661 shares) and 6.09% of the enlarged issued share capital.