Shenzhen, Nov. 20, 2019 (GLOBE NEWSWIRE) — Aesthetic Medical International Holdings Group Limited (the “Company” or “AIH”), a leading provider of aesthetic medical services in China, today announced that the Company has redeemed an outstanding convertible note on November 14, 2019.
Immediately prior to the completion of the Company’s initial public offering of 7,500,000 ordinary shares of the Company, par value US$0.001 per share (“Ordinary Shares”), in the form of American depositary shares, the three outstanding exchangeable notes were exchanged into preferred shares of the Company, par value US$0.001 per share (“Preferred Shares”), and all the then outstanding Preferred Shares are all automatically converted into Ordinary Shares on a one-to-one basis.On November 14, 2019, the Company redeemed the convertible note (the “Note”) dated as of December 8, 2016, issued by it to Peak Asia Investment Holdings V Limited (“ADV”). The redemption price was calculated pursuant to the Note, and the Company used a combination of the proceeds it received from its initial public offering and its existing financial resources to redeem the Note.As of June 30, 2019, on an actual basis, the Company’s capitalization of exchangeable note liabilities, convertible redeemable preferred shares and convertible note (including the conversion rights of the holders and the Company’s redemption rights) was RMB169.6 million (US$24.7 million), RMB433.1 million (US$63.1 million) and RMB76.0 million (US$11.1 million), respectively. Since all of the exchangeable notes, the Preferred Shares and the Note were exchanged, converted or redeemed, as of the date hereof, on an actual basis, the Company’s capitalization of exchangeable note liabilities, convertible redeemable preferred shares and convertible note was nil, nil and nil, respectively.Exchange RateThis press release contains translations of certain Renminbi (RMB) amounts into U.S. dollars (US$) solely for the convenience of the reader. Unless otherwise specified, all translations of Renminbi amounts into U.S. dollar amounts in this press release are made at RMB6.8650 to US$1.00, which was the U.S. dollars middle rate announced by the Board of Governors of the Federal Reserve System of the United States on June 28, 2019About Aesthetic Medical International Holdings Group Limited
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