Summary by Futu AI
China Goldstone Mining Holdings Limited (Stock Code: 1380) announced on 26 February 2024 that it has received the Exchange Notice issued by AOF I to exercise the Exchange Option to convert the principal amount of the first batch of Notes held by it to HK$2,000,000 shares. The conversion is based on 90% of the average closing price for three consecutive business days from 23 January to 25 January 2024 at HK$0.1653 per share. As a result of the conversion, the Company issued and issued a total of 12,099,213 convertible shares to AOF I on February 27, 2024. After this conversion, the issued share capital of the company will increase to 186,203,351 shares, in exchange for approximately 6.50% of the issued share capital after the expansion of the company's share capital. Before the conversion, Mr. Zheng Wing Fui's shareholding decreased from 24.82% to 23.21%, and AOF I entered the shareholder list with a shareholding ratio of 6.50%.