China Carbon Neutral Development Group Ltd. has announced an update regarding its proposed issuance of convertible bonds under a specific mandate, as previously disclosed in its 30 May 2025 announcement. The convertible bonds will be issued to offset indebtedness acquired by the Subscribers, Green Assets and Green Securities, who purchased debts from the Company's original creditors in the aggregate principal amounts of approximately HK$47.5 million and HK$29.8 million, respectively. The issuance is considered a connected transaction under the Hong Kong Listing Rules due to the involvement of connected persons. The company has extended the long stop date for the completion of the subscription agreements to 31 October 2025 to allow more time for fulfilling the conditions precedent. Completion of the subscription remains subject to these conditions being satisfied or waived. No specific details on the price, maturity date, or interest rate of the convertible bonds were disclosed in the announcement. A notice of the extraordinary general meeting and related information is expected to be dispatched to shareholders on or before 10 December 2025. No URL for the full prospectus is included in the document.