Sino Vision Worldwide Holdings Limited announced that it has entered into subscription agreement with new investor EAI Management Consultant Limited for a private placement of convertible bonds for gross proceeds of HKD 8,000,000 on September 1, 2021. The bonds will be issued at par, will mature on the first anniversary of the issuance date, bear fixed interest at the rate of 1% per annum, payable in arrears on or before the tenth day after the end of each interest period in relation to the bonds, and are convertible into a maximum of 40,000,000 common shares representing approximately 12.93% stake in the company, at a fixed conversion price of HKD 0.20 per share. All outstanding bonds will be converted on the maturity date. The bonds are not redeemable. The transaction is subject to all necessary approvals to be obtained by both the company and the investor.