CROSSTEC (03893) Announces 70 Million Share Issue via Convertible Note Conversion

Bulletin Express
02/06

CROSSTEC Group Holdings Limited (03893) announced a conversion of convertible bonds on 6 February 2026, resulting in the issuance of 70,000,000 new ordinary shares at HKD 0.11 per share. This issuance is conducted under the HIL Subscription Agreement dated 2 June 2025, which was previously disclosed in a circular on 8 August 2025 and in an announcement on 6 February 2026.

Following the conversion, the total number of issued shares increased from 296,624,000 to 366,624,000, representing a 23.6% expansion in the company’s issued share capital. No share repurchases or treasury share changes were reported.

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