PANGAEA CONNECT (01473) has completed the issuance of 199 million shares of allocated shares.

PANGAEA CONNECT (01473) announced that all conditions set out in the placing agreement have been met, and the completion was finalized on August 13, 2025. A total of 199 million shares (approximately 16.7% of the enlarged issued share capital of the company after the completion of the placing and issuance of new shares) were successfully placed to no less than six placees at a placing price of HK$0.180 per share in accordance with the terms of the placing agreement.