CORNERSTONE TEC boosts share base by 9.06 million via 2025 Share Award Scheme; issued capital reaches 1.05 billion shares

Cornerstone Technologies Holdings Limited (CORNERSTONE TEC) reported a net issuance of 9.06 million new ordinary shares in April 2026, all arising from the allotment of award shares granted under the 2025 Share Award Scheme on 13 April 2026. The transaction lifted total issued shares (excluding treasury stock) to 1.05 billion from 1.04 billion, a 0.87% increase for the month. Treasury shares remain nil.

Authorised capital was unchanged at 100 billion shares with a par value of HKD 0.01, equivalent to HKD 1.00 billion.

Equity-linked instruments still carry sizeable potential dilution: • Share options outstanding: 80.65 million units (exercise prices HKD 0.54–0.85), representing 7.69% of issued shares. • Remaining headroom under the 2023 scheme: 1.16 million shares. • Unlisted warrants: 111 million shares exercisable at HKD 0.50 and HKD 0.80, or 10.57% of the enlarged share base. • Convertible notes: HKD 95.60 million already issued (convertible into 191.20 million shares) plus an additional HKD 51.30 million tranche issued during April (convertible into 102.60 million shares). Total possible conversion equates to 293.80 million shares, or 27.99% of current issued shares.

Cumulatively, if all outstanding options, warrants and convertible notes were exercised or converted, up to 486.61 million additional shares could be issued, implying a potential 46.36% expansion relative to the present share count.

The company confirmed compliance with the Hong Kong Stock Exchange’s minimum 25% public-float requirement as at 30 April 2026, and stated that all necessary authorisations and regulatory filings for the month’s share issuances were completed.