No. Participation is voluntary, and each investor decides individually. This is not a majority decision, so other investors' choices do not affect you. If you choose to participate, your order will cover your entire holding; there is no possibility of partial orders. However, the exchange depends on the availability of new bonds, which Eleving Group allocates. This means you may receive either the full amount or no new bonds at all. If you don't receive new bonds, your current bonds are expected to be redeemed early at 101%.