According to TechFlame, on July 17, according to an announcement from the Hong Kong Stock Exchange, Hong Kong listed company Yili Holdings Limited (stock code: 076) announced that it has signed a subscription agreement with individual investor Zhang Yi to issue a total of HK$1995 million zero-interest six-year convertible bonds. Proceeds from issuing bonds

will be used to develop the Web 3.0 business.

Yilig Holdings' business includes global graphite product sales, electronic product manufacturing and sales, UK design and manufacturing, and development of Web3.0 related projects.