China Automotive Interior Decoration Holdings Limited (SEHK:48) announced that it has entered in to agreement with placing agent for a private placement of convertible bonds for gross proceeds of HKD 5,971,968 on June 18, 2020. The transaction will include participation from not less than six investors. The bonds will be issued at a price of 100% of the principal amount of the convertible bonds The bonds bears a n interest of 0.5% per annum. the maturity of the bonds will be on the second anniversary of the date of issue of the bonds. The bonds will be issued on a best effort basis. The company may at any time from the date of issue and before the maturity date by serving written notice to the bondholder with the total amount proposed to be redeemed from the bondholder specified therein in whole or in part at par. The bonds will be converted into 79,626,240 common shares at an initial conversion price of HKD 0.075.