RE:RE:Changfeng Announces Hong Kong IPO UpdateYa so if that happens, we will be diluted by about 10%, depending on the market price at the time: On May 17, 2017 the Special Committee submitted an offer to the Lender for an aggregate amount of Chinese RMB 36,000,000. In addition the offer provided that if the dual-listing of the Corporation's common shares on the HKSE has not been completed on or prior to June 28, 2019, the Corporation shall have the right for a period of ninety (90) day following June 28, 2019 to require that the Lender, directly or indirectly, subscribe for common shares of the Corporation, in a minimum amount of Chinese RMB 36,000,000 or its Canadian dollar equivalent (the "Right"). The subscription price for such common shares shall be the volume-weighted average price of the common shares of the Corporation on the TSX Venture Exchange (or any other exchange on which such common shares are then trading (collectively the "Exchange")) for the 30 trading days immediately prior to June 28, 2019 subject to Exchange and other applicable regulatory approvals. For greater certainty, the Corporation shall not have the right to request such investment if the Lender has otherwise invested Chinese RMB 36,000,000 in common shares or other securities of the Corporation prior to June 28, 2019 through a private placement or public offering of common shares by the Corporation.