Mr. Herrick Lau reports

PARDUS VENTURES ANNOUNCES RECEIPT OF CONDITIONAL APPROVAL FOR QUALIFYING TRANSACTION WITH EGL TECHNOLOGY HOLDINGS COMPANY LIMITED AND FILING OF FILING STATEMENT

Further to the news releases dated July 2, 2026, Nov. 6, 2025, June 6, 2025, April 4, 2025, and March 6, 2025, Pardus Ventures Inc. has received conditional approval from the TSX Venture Exchange with respect to its previously announced qualifying transaction (as such term is defined in TSX-V Policy 2.4 (Capital Pool Companies)) with EGL Technology Holdings Company Ltd., pursuant to the terms of a share exchange agreement dated Nov. 5, 2025, as amended, with EGL Holdings and the shareholders of EGL Holdings. In connection with the transaction, the company has filed a filing statement dated effective July 10, 2026, prepared in accordance with the policies of the TSX-V and filed on the company's profile on SEDAR+.

The transaction will be completed by way of a share exchange, pursuant to which the EGL shareholders will transfer all of their common shares in the capital of EGL Holdings to the company. In consideration for the EGL shares, the company will issue up to an aggregate of 288 million common shares of Pardus to the EGL shareholders, distributed on a pro rata basis according to each EGL shareholder's holdings in EGL Holdings.

The company anticipates closing the transaction by July 29, 2026.

Please refer to the company's prior news releases for further details of the transaction.

About Pardus Ventures Inc.

Pardus, a capital pool company within the meaning of the Policy 2.4 (Capital Pool Companies) of the TSX-V corporate finance policies, 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 Company Ltd.

Through its subsidiary, Easy Growth Logtech Company Ltd., EGL Holdings is a leading smart locker solution provider and operator based in Vietnam, which owns multiple advanced 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. EGH has established EGL Smart Logitech (Canada) Inc. in Canada to position itself strategically for forthcoming business opportunities.

We seek Safe Harbor.