NOBLE ENGINEERING GROUP HOLDINGS LIMITED announced that it has entered into Placing Agreement on best effort basis for the Convertible Bonds in the aggregate principal amount of up to approximately HKD 65.0 million on June 2, 2023. The net proceeds from the will be approximately HKD 63.8 million. The bonds will mature on the date falling on the second anniversary of the Issue Date. The bonds will have interest rate of 8% per annum. The bonds will be convertible at an initial price of HKD 1.34 per conversion shares. Assuming the Conversion Rights are exercised in full at the initial Conversion Price of HKD 1.34 per Conversion Share, a total of 48,500,000 Conversion Shares will be allotted and issued, which represent 19.30% of the issued Shares as at the date of this announcement; and approximately 16.17% of the issued Shares as enlarged by the allotment and issue of the Conversion Shares. The aggregate nominal value of the Conversion Shares under the Placing is HKD 2,425,000. The Placee(s) having successfully subscribed for the Convertible Bonds in principal amount of not less than HKD 500,000.

On June 5, 2023, the company announced that the conversion price will be HKD 1.10 per share.