Pangaea Completes Placement of 199M New Shares to Independent Investors with Dividend Entitlement

Reference is made to the announcements of Pangaea Connectivity Technology Limited (the ‘‘Company’’) on 23 July 2025 and 7 August 2025 (the ‘‘Announcements’’) in relation to the Placing. Unless otherwise defined, capitalised terms used herein have the same meanings as defined in the Announcements. COMPLETION OF PLACING OF NEW SHARES UNDER GENERAL MANDATE The Board is pleased to announce that all the conditions set out in the Placing Agreement have been fulfilled and the Completion took place on 13 August 2025. An aggregate of 199,000,000 Placing Shares, representing approximately 16.7% of the issued share capital of the Company as enlarged by the allotment and issue of the Placing Shares immediately upon the Completion, have been successfully placed to not less than six Placees, at the Placing Price of HK$0.180 per Placing Share pursuant to the terms of the Placing Agreement. To the best of the Directors’ knowledge, information and belief, having made all reasonable enquiries, the Placees and their ultimate beneficial owners (where applicable) are Independent Third Parties, and none of the Placees has become a substantial shareholder (as defined in the Listing Rules) of the Company as a result of the Placing.   ENTITLEMENTS TO FINAL DIVIDEND As disclosed in the announcement of the Company dated 27 June 2025 in relation to the annual results of the Company for the year ended 31 March 2025, the Board has recommended the payment of a final dividend for the year ended 31 March 2025 of HK1.0 cent per Share to those Shareholders whose names appear on the Company’s register of members on 29 August 2025, subject to the approval of the Shareholders at the forthcoming annual general meeting (the ‘‘AGM’’). As the Placing Shares have been allotted and issued on 13 August 2025, the holders of the Placing Shares whose names appear on the Company’s register of members on 29 August 2025 will accordingly be entitled to receive the proposed final dividend, subject to the approval of the Shareholders at the AGM. Based on the 1,172,000,000 Shares in issue (excluding treasury shares) as at the date of this announcement, it is expected that the total amount of final dividend payable to the Shareholders, if approved at the AGM, would be HK$11.72 million in aggregate.   Hong Kong, 13 August 2025 As at the date of this announcement, the Board comprises Mr. Fung Yui Kong, Dr. Wong Wai Kong and Ms. Leung Kwan Sin Rita as executive Directors; and Mr. Ling Kwok Fai Joseph, Mr. Kam, Eddie Shing Cheuk and Mr. Ng Sing Yip, as independent non-executive Directors.