Pardus Ventures Inc. Announces Conditional Approval for Qualifying Transaction with EGL Technology Holdings

Pardus Ventures Inc., a capital pool company listed on the TSX Venture Exchange (TSXV), has announced that it has received conditional approval for its Qualifying Transaction with EGL Technology Holdings Company Limited. This development marks a significant milestone for the Company as it moves forward with its plans to acquire EGL Holdings, a leading smart locker solutions provider based in Vietnam.

The Qualifying Transaction, as announced in previous news releases, involves the acquisition of EGL Holdings by Pardus Ventures Inc. through a share exchange agreement. Under the terms of the agreement, the Company will issue up to 288,000,000 common shares to the shareholders of EGL Holdings in exchange for all of their common shares. The Transaction is subject to certain conditions, including the approval of the TSXV, and is expected to be completed by July 29, 2026.

Pardus Ventures Inc. was incorporated in British Columbia in December 2022 and listed on the TSXV in July 2023. As a capital pool company, its primary objective is to identify and evaluate potential acquisition targets with a view to completing a qualifying transaction. The Company does not have any operations and has no assets other than cash. The acquisition of EGL Holdings represents a significant opportunity for Pardus Ventures Inc. to establish a presence in the rapidly growing e-commerce market in Vietnam.

EGL Holdings, through its subsidiary Easy Growth Logtech Company Limited (EGH), is a leading provider of smart locker solutions in Vietnam. The company has developed advanced AI technologies and related intellectual property rights in the areas of smart distribution, smart lockers, and new retailing. EGH has also established a presence in Canada through its subsidiary EGL Smart Logitech (Canada) Inc., positioning itself for future business opportunities.

The Transaction is expected to provide Pardus Ventures Inc. with access to EGL Holdings' cutting-edge technology and expertise in the smart locker solutions market. The Company believes that the acquisition will enable it to establish a strong presence in the e-commerce market in Vietnam and capitalize on the growing demand for last-mile delivery solutions. Trading in the Company's shares is currently halted and will remain halted until the completion of the Transaction.

The conditional approval from the TSXV is a significant step forward for Pardus Ventures Inc. as it moves towards completing the Qualifying Transaction. The Company has filed a filing statement dated July 10, 2026, which provides further details of the Transaction. Investors are cautioned that trading in the Company's securities should be considered highly speculative, and they should exercise caution when making investment decisions.

In conclusion, the announcement of conditional approval for the Qualifying Transaction is a positive development for Pardus Ventures Inc. and EGL Holdings. The acquisition is expected to provide the Company with access to cutting-edge technology and expertise in the smart locker solutions market, enabling it to establish a strong presence in the e-commerce market in Vietnam. As the Transaction progresses, investors will be closely watching the developments and awaiting the completion of the acquisition.