CROSSTEC issues 149.09 million new shares after HK$16.40 million bond conversion; HIL stake rises to 18.99%

Bulletin Express07-09

CROSSTEC Group Holdings Limited announced that it has completed the full conversion of its outstanding convertible bonds held by HIL, with a principal amount of HK$16.40 million. The bonds were converted at HK$0.11 per share, resulting in the allotment and issue of 149.09 million new shares on 9 July 2026.

Following the conversion, CROSSTEC’s issued share capital expanded from 846.62 million to 995.71 million shares. The newly issued shares accounted for 17.61% of the company’s pre-conversion share base and 14.97% of the enlarged share capital.

The transaction reshaped the shareholder structure as follows: • MKI remains the largest shareholder with 244.70 million shares, representing 24.58% of the enlarged share capital. • HIL’s stake rose from 4.72% to 18.99% after receiving the conversion shares. • Other public shareholders collectively hold 561.92 million shares, or 56.43% of the total.

With this conversion, all HIL-held convertible bonds have been fully converted, eliminating the company’s outstanding balance on that instrument.

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