The board of PANGAEA CONNECT (01473) has noted a recent increase in the company's share trading price and volume since around mid-May 2026. As of the date of this announcement, the Group's business operations continue normally and as usual, with its core business progressing smoothly, and there have been no significant adverse changes to its business operations or financial condition. Compared to the net profit of approximately HK$30.5 million for the year ended March 31, 2025, the Group expects its net profit for the year ending March 31, 2026, to achieve growth of 30% to 50%. This anticipated growth is primarily attributable to an increase in turnover, mainly driven by the rapid growth in computing and bandwidth demand for computing, storage, and network systems from major cloud operators, spurred by the artificial intelligence market, leading to increased demand for AI-related products. Upon inquiry, the board confirms that, aside from what is disclosed in this announcement, it is not aware of (i) any reasons causing the said price and volume movements; or (ii) any information that must be disclosed to prevent a false market in the company's securities; or (iii) any inside information required to be disclosed under Rule 13.09(2) of the Listing Rules and Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).