Elate Holdings Limited has announced the issuance of HK$24,339,000 in convertible debentures under a general mandate. The company, incorporated in Hong Kong and listed on the Stock Exchange, entered into a subscription agreement on July 17, 2025, with a subscriber for these nil-interest debentures, which are due in 2031. The board of directors, which includes executive directors Mr. Feng Zhong Yun and Ms. Zhang Xue, and independent non-executive directors Mr. Ng Lai Po, Ms. Ye Yi Fan, and Dr. Yan Shao Shi, has deemed the subscription agreement fair and in the best interests of the company and its shareholders. This marks Elate Holdings' first equity fund-raising activity in the past twelve months. The company's key operations involve investment holding, sales of graphite products, manufacturing of electronic products, and ventures related to Web 3.0.