CROSSTEC (3893) Announces Partial Conversion of Convertible Bonds

Bulletin Express11-26

CROSSTEC Group Holdings Limited (Stock Code: 3893) announced the receipt of a conversion notice from MKI regarding the conversion of HK$4,400,000 in principal amount of MKI’s convertible bonds at HK$0.11 per share. A total of 40,000,000 new shares was issued upon completion of the conversion on 26 November 2025.

The issuance increases CROSSTEC’s total number of issued shares to 226,624,000. The 40,000,000 new shares represent approximately 21.43% of the share capital prior to the conversion and approximately 17.65% of the enlarged share capital. Following this transaction, MKI remains the largest shareholder, holding 64,700,000 shares, which accounts for about 28.55% of the expanded share capital.

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