OxPay Financial Limited Announces Extension of Convertible Loan Agreement with Oxley Capital Management

Key Developments in Convertible Loan Facility

OxPay Financial Limited (the Company) has provided a significant update regarding its Convertible Loan Agreement (CLA) originally entered into on 28 May 2025 with Oxley Capital Management Pte. Ltd. As disclosed in the Company’s latest announcement, the parties have mutually agreed to extend the satisfaction date of certain conditions under the CLA from 28 November 2025 to 28 May 2026. This extension is intended to provide the Company with more time to secure the necessary approvals required for the completion of the CLA.

Key Points Investors Should Note

• Extension of Conditions Satisfaction Date: The deadline for fulfilling the conditions precedent to the Convertible Loan Agreement has been extended by six months, from 28 November 2025 to 28 May 2026.
• No Change to Other Terms: Aside from the extension, all other terms and conditions of the CLA remain unchanged.
• No Loan Disbursement Yet: As of the date of the announcement (26 November 2025), no part of the convertible loan facility has been disbursed to the Company.
• Ongoing Disclosure Obligations: The Company has committed to making further announcements and providing requisite information in accordance with Catalist Rules as and when there are material developments relating to the CLA.

Potential Price-Sensitive and Shareholder-Relevant Information

• Uncertainty Remains: There is no certainty or assurance that the Convertible Loan Facility will ultimately be granted or that its terms will remain unchanged. This creates a degree of uncertainty for shareholders and potential investors.
• Impact on Funding and Strategic Plans: The extension means that any strategic initiatives or capital deployment plans tied to this funding are delayed, which could influence investor expectations regarding the Company’s growth trajectory and near-term liquidity.
• Share Price Sensitivity: Given the importance of the CLA to the Company’s financial strategy, any further changes or eventual non-fulfillment of the agreement could have an impact on the Company’s share price, especially if market participants were anticipating imminent capital inflow.
• Advisory for Shareholders: Shareholders and investors are cautioned to exercise prudence when trading or dealing in the Company’s shares in light of these uncertainties. The Company specifically advises consultation with financial, tax, legal, or other professional advisors before making investment decisions.

Corporate Governance and Compliance

The announcement has been reviewed by the Company’s sponsor, ZICO Capital Pte. Ltd., but has not been examined or approved by the Singapore Exchange Securities Trading Limited (SGX-ST). The SGX-ST disclaims responsibility for the contents of the announcement and the accuracy of any statements or opinions expressed.

For further queries regarding this announcement, the contact person is Ms. Goh Mei Xian of ZICO Capital Pte. Ltd., located at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Conclusion

The extension of the CLA satisfaction date is a notable development that could influence the Company’s financial outlook and share price movements. Investors are advised to closely monitor subsequent announcements from OxPay Financial Limited for further material updates on the status of the convertible loan facility.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Investors should conduct their own due diligence and consult professional advisors before making any investment decisions. The author and publisher do not accept any liability for losses incurred based on the information provided above.

View OxPay Financial Historical chart here