CROSSTEC lifts outstanding share count by 10.44% after 80.00 million-share conversion

Bulletin Express05-28

CROSSTEC Group Holdings Limited issued 80.00 million new ordinary shares on 28 May 2026 upon conversion of convertible notes executed under the MKI Subscription Agreement dated 2 June 2025.

\n\nKey details of the conversion • Shares issued: 80.00 million • Issue price: HKD 0.11 per share • Implied proceeds: approximately HKD 8.80 million • Percentage enlargement: 10.44% of pre-conversion issued share capital

\n\nShare capital movement • Opening balance (11 May 2026): 766.62 million shares • Post-conversion balance (28 May 2026): 846.62 million shares

\n\nRegulatory compliance The Board confirmed that the share issuance was duly authorised and complied with all applicable Hong Kong Stock Exchange listing rules and relevant legal requirements, as detailed in the Next Day Disclosure Return filed on 28 May 2026.

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