QIAN XUN TECH (01640) issued a total of 39.23 million shares of convertible bonds for conversion.

QIAN XUN TECH (01640) announces that the company has received the following: (i) Notice of conversion from Subscriber 1 on February 26, 2026, exercising their right to convert convertible bonds of HK$22 million into 8.46 million shares of the company at a conversion price of HK$2.6 per share. Therefore, the company issued 8.46 million shares to Subscriber 1 (Conversion 1) on February 26, 2026; (ii) Notice of conversion from Subscriber 2 on February 26, 2026, exercising their right to convert convertible bonds of HK$14 million into 5.38 million shares of the company at a conversion price of HK$2.6 per share. Therefore, the company issued 5.38 million shares to Subscriber 2 (Conversion 2) on February 26, 2026; (iii) Notice of conversion from Subscriber 3 on February 26, 2026, exercising their right to convert convertible bonds of HK$34 million into 13.08 million shares of the company at a conversion price of HK$2.6 per share. Therefore, the company issued 13.08 million shares to Subscriber 3 (Conversion 3) on February 26, 2026; (iv) Notice of conversion from Subscriber 4 on February 26, 2026, exercising their right to convert convertible bonds of HK$5 million into 1.92 million shares of the company at a conversion price of HK$2.6 per share. Therefore, the company issued 1.92 million shares to Subscriber 4 (Conversion 4) on February 26, 2026; and (v) Notice of conversion from Subscriber 5 on February 26, 2026, exercising their right to convert convertible bonds of HK$20 million into 7.69 million shares of the company at a conversion price of HK$2.6 per share. Therefore, the company issued 7.69 million shares to Subscriber 5 (Conversion 5) on February 26, 2026. (vi) Notice of conversion from Subscriber 6 on February 26, 2026, exercising their right to convert convertible bonds of HK$7 million into 2.69 million shares of the company at a conversion price of HK$2.6 per share. Therefore, the company issued 2.69 million shares to Subscriber 6 (Conversion 6) on February 26, 2026. After Conversions 1 to 6 (Conversions), the company has issued a total of 39.23 million shares, which have the same rights as all other existing ordinary shares of the company, representing approximately 7.01% of the company's issued share capital before conversion and approximately 6.55% of the company's enlarged issued share capital after issuing 39.23 million shares.