Summary by Futu AI
Chi Kingstone Mining Holdings Limited ("Chi Kingstone") announced on October 25, 2024 that Mr. Zheng Yonghui, former executive director and major shareholder, sold a total of 56,380,000 shares on the public market on October 24, 2024, accounting for approximately 26.23% of the total issued shares of the company. After the transaction, Mr. Zheng's shareholding ratio decreased to 0.01% and he is no longer a major shareholder of the company. The board of directors stated that, following reasonable inquiries, they are unaware of the identity of the counterparty, and anticipate that this share sale will not have any adverse impact on the operation of the company or its subsidiaries.