CROSSTEC Group (03893) Issues 30 Million Shares Following Conversion of Convertible Bonds

Stock News01-22

CROSSTEC Group (03893) announced that the company has received a notice from MKI regarding the conversion of a portion of MKI's convertible bonds, involving a principal amount of HK$3.3 million, at a conversion price of HK$0.11 per share. The conversion and issuance of a total of 30 million related shares were completed on January 22, 2026. Following the issuance of these conversion shares and as of the date of this announcement, the total number of issued shares of the company has increased to 297 million; the conversion shares represent approximately 11.25% of the company's issued share capital immediately prior to the allotment and issuance, and approximately 10.11% of the enlarged issued share capital after the allotment and issuance. MKI remains the company's largest shareholder, holding 84.7 million shares, which constitutes approximately 28.55% of the company's enlarged issued share capital as of the date of this announcement.

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