PANGAEA CONNECT (01473): As of July 31, the total value of the sales contracts held by the group has further increased to approximately $1.15 billion.

PANGAEA CONNECT (01473) announced that the Group supplies a comprehensive range of optoelectronic and semiconductor components, including integrated circuits, lasers, photodiodes (PD), transimpedance amplifiers (TIA), and related devices. These devices facilitate the conversion of electrical and optical signals in AI data center applications and high-speed optical interconnect modules of 800G/1.6T/3.2T. Additionally, the Group provides industrial laser and processing solutions for the industrial manufacturing sector, including semiconductor manufacturing, printed circuit board (PCB) processing, and CECEP Solar Energy back contact (BC) battery production. Driven by the sustained global demand for artificial intelligence, the total value of the Group's sales contracts on hand has further increased to approximately $1.15 billion as of July 31, 2026. Furthermore, the Group has developed new business sources involving high-power industrial laser equipment for high-precision processing of 1.6T/3.2T PCBs and has received new orders from a leading industrial laser equipment manufacturer, which are expected to be delivered before the end of the current fiscal year, demonstrating the Group's market recognition in the industrial laser application market. Continuing the growth trend through March 31, 2026, and with the substantial sales contracts already secured, the Group has achieved robust business growth, particularly in its 200Gb/s indium phosphide photodiode (PD) business. Based on a preliminary assessment of the Group's latest unaudited consolidated management accounts, the key financial indicators for the four months ending July 31, 2026 (from April to July 2026) are as follows: revenue of HK$1.185 billion, an increase of 68% year-on-year; and pre-tax profit of HK$48.2 million, an increase of 185% year-on-year. The significant increase in the Group's revenue and pre-tax profit from April to July 2026 was primarily due to the fulfillment of a large volume of sales orders for the Group's PD products during late July 2026. The Group anticipates that its PD business will continue to be a key growth driver supported by the existing backlog of orders and ongoing demand from global AI data center customers. Coupled with the explosive growth expected from the newly added industrial laser business segment, the Group is well-positioned to expand its revenue base and enhance its gross profit margin, thereby achieving sustainable revenue and profit growth in the current fiscal year.