National United Resources Holdings Limited entered into the Subscription Agreement with Hot Mediatech Group Pte. Ltd. in respect of the issue of and subscription for the Convertible Bonds in the principal amount of HKD 80,500,000 on November 16, 2023. The Convertible Bonds bear interest from the date of issue at 6.0% per annum on the principal amount of the Convertible Bonds from time to time outstanding and payment to be made on the Maturity Date.

The initial Conversion Price is HKD 0.115 per Conversion Share, subject to the adjustments as set out and in accordance with the terms and conditions of the Convertible Bonds.