Mr. Herrick Lau reports

PARDUS VENTURES INC. ANNOUNCES CLOSING OF SECOND TRANCHE OF PREVIOUSLY ANNOUNCED SUBSCRIPTION RECEIPT FINANCING

Pardus Ventures Inc., further to its news releases dated Dec. 10, 2025, Nov. 6, 2025, June 6, 2025, April 4, 2025, and March 6, 2025, has closed the second tranche of its non-brokered private placement of subscription receipts, by issuing 10 million subscription receipts for gross proceeds of $500,000. Together with the gross proceeds of $1.5-million from the first tranche of the offering, which closed on Dec. 9, 2025, Pardus has raised an aggregate of $2-million by issuing an aggregate of 40 million subscription receipts.

In connection with the offering, Pardus will pay to the finder a cash commission equal to 5.0 per cent of the gross proceeds raised from subscriptions in the offering from persons introduced to the company by the finder. The finder's fee (in the amount of $20,000) has been deposited in escrow with Computershare and will be released to the finder upon satisfaction and/or waiver of the escrow release conditions.

The subscription receipts issued under the offering, including the Pardus common shares that may be issued on the conversion of the subscription receipts, are subject to a hold period expiring on July 14, 2026.

The offering was conducted in connection with, and as a condition to the closing of, Pardus's proposed acquisition of all the issued and outstanding common shares of EGL Technology Holdings Co. Ltd. (EGL Holdings), which is expected to constitute Pardus's qualifying transaction under TSX Venture Exchange Policy 2.4, Capital Pool Companies. Upon completion of the transaction, the combined entity will be renamed to a name agreed to by Pardus and EGL Holdings, and will focus on advancing EGL Holdings' business as a leading smart locker solutions provider and operator based in Vietnam.

Additional information

For additional information relating to the terms of the transaction, please refer to the share exchange agreement dated Nov. 6, 2025, and the news releases dated Dec. 10, 2025, Nov. 6, 2025, June 6, 2025, April 4, 2025, and March 6, 2025, each of which is available on SEDAR+ under Pardus's issuer profile. In addition, more information relating to the transaction and the resulting issuer will be available in the filing statement to be filed in due course on SEDAR+ under Pardus's issuer profile.

About Pardus Ventures Inc.

Pardus Ventures, a capital pool company within the meaning of the CPC policy of the TSX Venture Exchange, was incorporated in British Columbia on Dec. 9, 2022, and its common shares were listed on the TSX-V on July 31, 2023. The company does not have any operations and has no assets other than cash. The company's business is to identify and evaluate businesses and assets with a view to completing a qualifying transaction (as such term is defined in the CPC policy).

Trading in the Pardus shares is currently halted and will remain halted until completion of the transaction.

About EGL Technology Holdings Co. Ltd. (EGL Holdings)

Through its subsidiary Easy Access, EGL Holdings is a leading smart locker solutions provider and operator based in Vietnam, which owns multiple advanced AI (artificial intelligence) technologies and related intellectual property rights in the areas of smart distribution, smart lockers and new retailing, and which aims to provide comprehensive last-mile delivery solutions to the booming e-commerce market in Vietnam.

We seek Safe Harbor.