Legendary Education Group Limited announced that it has entered into relevant Subscription Agreement that it will issue the Convertible Bonds in the aggregate principal amount of HKD 15,000,000 on April 24, 2024. The transaction will include participation from individual investors such as Yip Long Brian for HKD 6,000,000; Yeung Sum Yee for HKD 3,000,000; Christina Gaw for HKD 2,000,000; Cheung King Yu, Laura for HKD 2,000,000 and Ching Hoi Ling for HKD 2,000,000. The bonds may be converted into 10,135,134 Conversion Shares based on the initial Conversion Price of HKD 1.48 upon full conversion.

The Conversion Shares represent approximately 2.3% of the existing total number of Shares in issue and approximately 2.2% of the total number of Shares in issue as enlarged by the allotment and issuance of the Conversion Shares immediately after full conversion of the Convertible Bonds at the initial Conversion Price.