PANGAEA CONNECT (01473) has issued an announcement regarding the strategic shareholder agreement and the subsequent appointment of Mr. Xu Youjian as a non-executive director. The board of directors announced that the parties to the strategic shareholder agreement have reached a mutual decision to discontinue the investment in the target company. Consequently, a deed of cancellation dated April 30, 2026, has been executed, releasing and discharging all parties from their respective duties, obligations, and responsibilities under the strategic shareholder agreement. Following the cancellation, Mr. Xu has resigned from his position as a non-executive director with immediate effect due to other business commitments. Mr. Xu has confirmed that there are no disagreements with the board and no matters concerning his resignation that need to be brought to the attention of the board or the company's shareholders.