CROSSTEC (03893) issue a convertible bond for 40 million shares.

CROSSTEC (03893) announced that the company has received a notice from MKI regarding the conversion of a portion of MKI exchangeable bonds at a conversion price of HK$0.11 per share, amounting to HK$4.4 million. The conversion and issuance of the corresponding 40 million shares were completed on November 26, 2025. After the issuance of these convertible shares and as of the date of this announcement, the company's total number of shares has increased to 226.6 million shares. The convertible shares represent approximately 21.43% of the company's issued share capital before the issuance of the convertible shares and approximately 17.65% after the issuance. MKI remains the largest shareholder of the company, holding 64.7 million shares, representing approximately 28.55% of the company's issued share capital after the issuance of the convertible shares.