Shellron Capital Ltd. (TSXV: SHLL.P) has entered into an amendment to its share purchase agreement (SPA) with SPX Management Ltd., extending the outside date for completing the qualifying transaction from November 30, 2025, to January 31, 2026. The extension is contingent on SPX meeting key milestones, including:

• Completion of audited financial statements
• Receipt of at least $3 million in subscriptions through a concurrent financing
• Submission of a TSX-V filing statement detailing Shellron and SPX

As part of the amendment, SPX will pay Shellron a $25,000 non-refundable deposit by January 6, 2026.

All other terms of the Transaction remain unchanged. Shellron confirmed that a previously announced $50,000 advance from SPX has been completed, removing the need for a bridge financing of up to 250,000 shares at $0.20 per share.

Under the Transaction, Shellron will issue 10 Shellron Shares for each SPX Share, at a deemed value of $0.20 per share, including shares issued in the concurrent financing.

About SPX: SPX, incorporated in Hong Kong, operates in South Korea and provides sports representation, marketing, and event production services across Asia.

Completion of the Transaction remains subject to conditions, including TSX-V acceptance and, where applicable, shareholder approvals. There is no guarantee the Transaction will be completed as proposed or at all.

Contact: Robert Giustra, Chairman – (604) 418-6560