GOME RETAIL (00493) saw its stock price surge more than 33% during the trading session. At the time of writing, the gain was 20%, with the stock trading at HK$0.018 and a turnover of HK$8.0636 million. On January 16, the company announced its intention to allot a total of 25.108 billion ordinary shares to Shanghai Jinbo Ding Enterprise Service Co., Ltd. and Zhongke Taiyue Technology Co., Ltd., aiming to resolve approximately RMB 337 million in debt through a debt-to-equity conversion. The issue price was set at HK$0.015 per share. The new shares will account for 34.40% of the enlarged share capital and will be used in full to offset the debts owed to the corresponding creditors. The announcement indicated that this transaction will help the company partially resolve its debt risks and "support the restoration of the Company's overall creditworthiness and long-term business operations." The Board of Directors believes the subscription terms were determined through fair negotiation, are in the overall interests of the company and its shareholders, and that the issue price for the subscription shares is fair and reasonable. By resolving the debt through this market-based method, GOME RETAIL's financial structure will be optimized, its financial stability enhanced, laying a solid foundation for the company's long-term business operations.