Mobvista Inc. announced that it has signed a subscription agreement for the private placement of convertible bonds for the gross proceeds of $30,000,000 (HKD 232,581,000) on January 3, 2021. The transaction will include participation from new investor PAGAC III Munich Holding (Cayman) Limited. The bonds are convertible into 41,978,339 shares at initial conversion price of HKD 5.54 per share representing approximately 2.74% of the issued share capital of the company as at the date of this announcement and approximately 2.66% of the issued share capital of the company as enlarged by the allotment. The bonds will bear interest of 3.5% per annum, payable on June 20th of each calendar year, and will mature on the date falling 36 months from the issue date. The bonds are issued at par. The bonds can be converted any time on or after the issue date up to the close of business on the date falling one business day prior to the date of a bondholder redemption notice. The company will pay HKD 7,752,700 as issue expenses and receive net proceeds of $29,000,000 (HKD 224,828,300) in the transaction. As part of the transaction within 20 business days after the bonds issue date, the company shall nominate one representative of PAGAC III Munich Holding (Cayman) Limited to the board of directors.