TRUE PARTNER (08657) has announced that as of the date of this announcement, all conditions precedent for the convertible bonds have been satisfied. The bond subscription agreement was completed on March 27, 2026, and the company has issued convertible bonds with a principal amount of $2.45 million to the subscriber. As of the announcement date, the subscriber has not submitted any conversion notice to the company for the conversion of shares. As outlined in the waiver circular, Mr. Godefriedus Jelte Heijboer and Mr. Roy van Bakel, both executive directors, along with Mr. Jeronimus Mattheus Tielman and Ms. Bai Wanting (resigning director), both independent non-executive directors, submitted their resignation letters to the board on the completion date of the convertible bonds, effective March 27, 2026. Following the completion of the bond subscription agreement on March 27, 2026, Mr. Chen Henghui was appointed as the company's Chairman, Executive Director, and Chief Business Development Officer. Mr. Lu Weiliang and Mr. Lin Shenghong were appointed as Executive Directors, while Mr. Hu Weiliang and Ms. Huang Xiaobin were appointed as Independent Non-Executive Directors, all with immediate effect.