CROSSTEC (03893) issued a total of 30 million shares due to the conversion of convertible bonds.

CROSSTEC (03893) announces that it has received a conversion notice from MKI regarding the conversion of part of MKI's convertible bonds at a conversion price of HK$0.11 per share, involving an amount of HK$3.3 million. The conversion and issuance of the related convertible shares totaling 30 million shares were completed on January 22, 2026 (the "Conversion Date"). As a result of the issuance of these convertible shares, the total number of issued shares of the company has increased to 297 million shares. The convertible shares represent approximately 11.25% of the issued share capital of the company immediately before the issuance and approximately 10.11% of the issued share capital of the company after the issuance and expansion of the convertible shares. MKI remains the largest shareholder of the company, holding 84.7 million shares, representing approximately 28.55% of the issued share capital of the company after the issuance and expansion of the convertible shares on the date of this announcement.