POMDOCTOR converts $15M owed to CEO into shares
The conversion fully discharged the stated debt, with shares delivered to recipients designated by chairman and chief executive officer Zhenyang Shi.
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Rhea-AI Filing Summary
POMDOCTOR Ltd issued 33,185,841 Class A ordinary shares on November 4, 2026, at US$0.452 per share under an agreement to convert RMB100,053,000 of debt owed by its PRC operating entity, Guangzhou Qilekang Digital Health Medical Technology Co., Ltd., to chairman and chief executive officer Zhenyang Shi. The debt amount represents US$15,000,000 at the stipulated rate of US$1.00 to RMB6.6702, and was fully satisfied and discharged.
At Mr. Shi’s irrevocable direction, the shares were issued to recipients he designated and counted as if issued directly to him for purposes of the conversion; the arrangement was also made at his request to apply shares toward certain personal indebtedness owed by him. Disinterested members of the Audit Committee and disinterested directors approved the transaction. The shares were issued offshore under Regulation S, are unregistered under the Securities Act, and may not be offered or sold in the United States absent registration or an applicable exemption.
Key Figures
Key Terms
Debt Conversion Agreement financial
conversion price financial
Regulation S regulatory
offshore transactions regulatory
par value financial
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