Chi Kingstone Mining Holdings Limited ("Chi Kingstone") announced on November 11, 2024, that it has reached a comprehensive and final settlement with AOF I, issuing 40,000,000 new shares at a price of HK$0.20 per share. The subscription price represents a premium of approximately 72.41% over the closing price on November 11, compared to an average premium of approximately 49.03% over the previous five trading days. After the issuance of settlement shares, it will account for approximately 15.69% of the enlarged issued share capital of the company. Settlement conditions include approval from the Listing Committee for the listing and trading of settlement shares. Once completed, the settlement shares will have the same status as other shares. The settlement shares will be issued under a general authorization granted by...Show More

Chi Kingstone Mining Holdings Limited ("Chi Kingstone") announced on November 11, 2024, that it has reached a comprehensive and final settlement with AOF I, issuing 40,000,000 new shares at a price of HK$0.20 per share. The subscription price represents a premium of approximately 72.41% over the closing price on November 11, compared to an average premium of approximately 49.03% over the previous five trading days. After the issuance of settlement shares, it will account for approximately 15.69% of the enlarged issued share capital of the company. Settlement conditions include approval from the Listing Committee for the listing and trading of settlement shares. Once completed, the settlement shares will have the same status as other shares. The settlement shares will be issued under a general authorization granted by shareholders on May 31, 2024, without the need for further approval from shareholders. AOF I is an open-ended fund managed entirely by ZICO Asset Management, acting as an independent third party from Chi Kingstone. The settlement aims to resolve the default event arising from the company's failure to deliver exchange shares on time. The board of directors believes that the settlement is in line with the overall interests of the company and shareholders, and will not have a significant impact on business operations and financial condition.