Zhitong Finance App News, Zhang Li International (01693.HK) announced that on December 31, 2025, the company (as issuer) entered into a capitalization agreement with trustee KP Lee Chambers (as a subscriber) to issue approximately 29.5887 million capitalized shares to the trustee under special authorization at HK$2.320 per capitalized share to settle the outstanding redeemable secured loan bonds owed by BGMC Corporation to the relevant independent redeemable secured loan bond holders. The subscription amount payable by the subscriber under the capitalization agreement is approximately HK$68.659 million, which will be repaid by fully offsetting the outstanding and redeemable secured loan bonds owed by BGMC Corporation to the relevant independent redeemable secured loan bondholders. Capitalized shares are equivalent to (i) approximately 74.74% of the Company's issued share capital at the date of this announcement; and (ii) approximately 42.77% of the Company's issued share capital expanded by allocating and issuing capitalized shares.

Zhitong Finance App News, Zhang Li International (01693.HK) announced that on December 31, 2025, the company (as issuer) entered into a capitalization agreement with trustee KP Lee Chambers (as a subscriber) to issue approximately 29.5887 million capitalized shares to the trustee under special authorization at HK$2.320 per capitalized share to settle the outstanding redeemable secured loan bonds owed by BGMC Corporation to the relevant independent redeemable secured loan bond holders. The subscription amount payable by the subscriber under the capitalization agreement is approximately HK$68.659 million, which will be repaid by fully offsetting the outstanding and redeemable secured loan bonds owed by BGMC Corporation to the relevant independent redeemable secured loan bondholders. Capitalized shares are equivalent to (i) approximately 74.74% of the Company's issued share capital at the date of this announcement; and (ii) approximately 42.77% of the Company's issued share capital expanded by allocating and issuing capitalized shares.