According to the published document, XtalPi Holdings Limited (Stock Code: 2228) has applied to The Stock Exchange of Hong Kong Limited for the listing and permission to deal in HK$2,866,000,000 zero coupon convertible bonds due 2027. The bonds (Stock Code: 40064) are offered by way of debt issuance to professional investors as laid out in the offering circular dated 23 January 2026. The listing is expected to become effective on 29 January 2026.

The document highlights that the material contained therein is not for distribution, directly or indirectly, into the United States. The securities in question have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may be offered and sold only in offshore transactions in compliance with Regulation S under the U.S. Securities Act. No offer or invitation to acquire or purchase the securities is made within jurisdictions where such actions are unlawful prior to registration or qualification under applicable securities laws.

Based on the announcement dated 28 January 2026, the board of directors of XtalPi Holdings Limited comprises four executive directors, including Chairman of the Board and Executive Director, Dr. Wen Shuhao, alongside three independent non-executive directors.