Pangaea Connectivity Technology Limited (“Pangaea Connectivity”) has increased its issued ordinary share capital by 2.87 million shares following the exercise of share options granted under the company’s share option scheme adopted on 25 January 2021, according to a Next Day Disclosure Return filed on 13 October 2026.\n\nThe newly issued shares comprise:\n• 333,333 shares arising from option exercises by a company director, and\n• 2,532,890 shares arising from option exercises by employees of the group.\n\nAll options were exercised at HKD 0.54 per share, implying gross proceeds of approximately HKD 1.55 million (USD 0.20 million) for the company.\n\nFollowing the allotment, Pangaea Connectivity’s issued share count (excluding treasury shares) rose 0.24% to 1.19 billion shares, up from 1.18 billion previously. Treasury shares remained unchanged at 22.00 million, leaving total shares outstanding—including treasury—at 1.21 billion.\n\nThe company confirmed that the share issues were duly authorised by the board and executed in full compliance with Hong Kong Stock Exchange listing rules and other applicable regulations. No share repurchases or on-market sales of treasury shares were reported during the period ending 13 October 2026.