CROSSTEC (03893) issued 70 million shares due to the conversion of some of the HIL convertible bonds.

CROSSTEC (03893) announced that the company has received a conversion notice from HIL regarding the conversion of a portion of HIL convertible bonds at a conversion price of HK$0.11 per share, amounting to HK$7.7 million. The conversion and issuance of the related convertible shares totaling 70 million shares were completed on February 6, 2026 (the "Conversion Date"). Following the issuance of these convertible shares and as of the date of this announcement, the total number of shares issued by the company has increased to 367 million shares, with the convertible shares representing approximately 23.60% of the issued share capital before the issuance and approximately 19.09% of the issued share capital after the issuance and expansion of the convertible shares. MKI remains the largest shareholder of the company, holding 84.7 million shares, representing approximately 23.10% of the issued share capital after the issuance and expansion of the convertible shares on the date of this announcement.