Pardus Ventures Announces Receipt of Conditional Approval for Qualifying Transaction with EGL Technology Holdings Company Limited and Filing of Filing Statement

Pardus Ventures Inc. (TSXV: PDVN.P) (the " Company ") is pleased to announce that, further to its news releases dated July 2, 2026, November 6, 2025, June 6, 2025, April 4, 2025, and March 6, 2025, the Company has received conditional approval from the TSX Venture Exchange (the " TSXV ") with respect to its previously announced Qualifying Transaction (as such term is defined in TSXV Policy 2.4 - Capital Pool Companies ) with EGL Technology Holdings Company Limited (" EGL Holdings "), pursuant to the terms of a share exchange agreement dated November 5, 2025, as amended, (the " Share Exchange Agreement ") with EGL Holdings and the shareholders of EGL Holdings (the " EGL Shareholders ") (the " Transaction ").

In connection with the Transaction, the Company has filed a filing statement dated effective July 10, 2026 (the " Filing Statement ") prepared in accordance with the policies of the TSXV 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 (the " EGL Shares ") to the Company. In consideration for the EGL Shares, the Company will issue up to an aggregate of 288,000,000 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 Ventures Inc., a capital pool company within the meaning of the Policy 2.4 - Capital Pool Companies of the TSXV Corporate Finance Policies (the " CPC Policy "), was incorporated in British Columbia on December 9, 2022, and its common shares were listed on the TSXV on July 31, 2023. The Company does not have any operations and has no assets t...