CROSSTEC Adds 130.00 Million Shares in May 2026 After HK$14.30 Million Convertible Bond Conversion

CROSSTEC Group Holdings Limited reported an 18.14% month-on-month expansion in its issued share capital for the period ended 31 May 2026. Issued shares rose by 130.00 million to 846.62 million after the conversion of a portion of its outstanding convertible bonds.

The increase stemmed entirely from the MKI Subscription Agreement dated 2 June 2025. Bondholders converted HK$14.30 million in principal at HK$0.11 per share, creating 130.00 million new ordinary shares. No treasury shares were involved.

Post-conversion, two tranches of convertible debt remain outstanding: • HIL Subscription Agreement – HK$16.40 million outstanding, exchangeable into up to 149.09 million shares. • MKI Subscription Agreement – HK$6.50 million outstanding, exchangeable into up to 59.09 million shares. Together, the residual HK$22.90 million in convertibles could add a further 208.18 million shares if fully converted.

Authorised share capital stayed unchanged at 10.00 billion ordinary shares (HK$0.01 par value), equivalent to HK$100.00 million. No share options were granted, exercised, cancelled, or lapsed during the month, leaving the option pool capacity at 6.00 million shares.

The company confirmed compliance with the Main Board’s 25% minimum public-float requirement as of month-end.