PAX Global Technology Ltd. announced that it has entered into a new framework agreement with Megahunt Group for the purchase of chips. The agreement, signed on 23 December 2025, covers the supply of contactless reader chips, security microcontroller unit chips, and mag-stripe card security decoder chips for a three-year period starting from 1 January 2026 to 31 December 2028. The agreement is non-exclusive, allowing both parties to engage with other suppliers or customers. The transaction will be subject to reporting, announcement, and annual review requirements under Hong Kong Stock Exchange Listing Rules but is exempt from circular and shareholders' approval requirements. Certain directors abstained from voting on the board resolution due to potential conflicts of interest.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PAX Global Technology Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251223-11965089), on December 23, 2025, and is solely responsible for the information contained therein.