Singularity Guo Feng (01280) signed a debt repayment agreement with China Ruike to issue 1.975 million new shares to repay the debt of 5.557 million yuan

According to Zhitong Finance App, Singularity Guo Feng (01280) issued an announcement. On January 6, 2026, the company signed a debt settlement agreement with China Ruike. The Company has agreed to allocate and issue, and creditors have agreed to subscribe for 1,975,000 new shares in the Company's share capital to fully and finally settle all outstanding debts of RMB5.57 million as of the date of this announcement.

HK$2.84 per bonded share. Issue price comparison: The closing price of HK$3.37 per share was discounted by approximately 15.73% at the closing price of the Hong Kong Stock Exchange Limited on the date of the debt settlement agreement.

Outstanding debts owed to creditors have zero interest and have been outstanding since 2017 and are classified as current liabilities. The directors believe that settling this outstanding debt through the issuance of bonded shares will eliminate the outstanding liabilities without any immediate cash outflow, thereby enhancing the Group's balance sheet and improving its balance to liability ratio. It also shows creditors' continued confidence and commitment to the Group's long-term prospects.

There will be no proceeds from the issuance of bonded shares, as the bonded shares will be used to settle all outstanding debts of RMB 5.557 million.