Powell Max Limited's Form 6-K: $1M Convertible Note Agreement Unveiled

Here's a summary of the key information extracted from the financial report:

1. Filing Information:

• Type: Form 6-K
• Filing Date: December 20, 2024
• Commission File Number: 001-42260
• Registrant: Powell Max Limited
• Address: 22/F, Euro Trade Centre, 13-14 Connaught Road Central, Hong Kong

2. Nature of Report:

• This report is filed under Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934.

3. Material Agreement:

• Powell Max Limited entered into a material definitive agreement by issuing a Convertible Promissory Note.
• Investor: YA II PN, Ltd.
• Principal Amount: $1,000,000
• Original Issuance Discount: 8%
• The Note was issued under a Standby Equity Purchase Agreement (SEPA) dated November 21, 2024.
• This issuance represents the third Pre-Advance under the SEPA.

4. Signatories:

• The report was signed by Tsz Kin Wong, who holds the titles of Chairman of the Board, Executive Director, and Chief Executive Officer.

5. Additional Notes:

• The terms of the SEPA and prior details were disclosed in the Company’s Current Report on Form 6-K filed on November 22, 2024.

This summary highlights the main aspects of the convertible promissory note issuance and its context within the company's operations and regulatory compliance.