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

CROSSTEC (03893) announced that the company has received a conversion notice from MKI regarding the conversion of some MKI convertible bonds at a conversion price of HK$0.11 per share, amounting to HK$3.3 million. The conversion and issuance of the convertible shares totaling 30 million shares were completed on February 11, 2026 (the "Conversion Date"). Following the issuance of the convertible shares, as of the date of this announcement, the company's total number of issued shares has increased to 397 million shares. The convertible shares represent approximately 8.18% of the company's issued share capital before the issuance and approximately 7.56% of the company's issued share capital after the issuance. MKI remains the largest shareholder of the company, holding 114.7 million shares, representing approximately 28.92% of the company's issued share capital after the issuance and expansion of convertible shares.