Is there a way to convert REF fields to HYPERLINK fields?

I am converting word to HTML, and for some reason I want to convert FieldRef to FieldHyperlink in Document object before converting it to html.
I see some logic on Cross-references to table and picture - #6 by alexey.noskov
But its not working if we have nested links or links on multiple paragraphs.

Attached sample document.
Internal_links_sample.docx (19.4 KB)

Using dotnet.

@nileshsawtade,

Please also provide your expected Word DOCX file showing the desired output here for our reference. You can create this file manually by using MS Word. We will then start further investigation into your scenario and provide you code to achieve the same output by using Aspose.Words.