According to Zhito Finance APP, APAC RESOURCES (01104) announced that on December 10, 2024, a subsidiary will acquire a total of 0.1 million shares of Paladin Energy through on-market Trade on the Australian Stock Exchange (equivalent to approximately 0.03% of Paladin Energy's total issued capital as of the date of this announcement), at a total cost of approximately 0.7671 million Australian Dollars (equivalent to about 3.816 million Hong Kong Dollars) (excluding transaction costs), which is about 7.67 Australian Dollars per share (equivalent to approximately 38.16 Hong Kong Dollars).

The company focuses on strategic investments in the natural resources sector, emphasizing Energy and mining opportunities. Paladin Energy, a leading Uranium producer, operates the Langer Heinrich Mine (LHM) in Namibia. Recently, LHM has faced operational challenges including water supply interruptions and fluctuations in stock ore grades, leading to a downward adjustment of its U3O8 production guidance for the 2025 fiscal year from 4.0 to 4.5 million pounds to 300 to 3.6 million pounds. These issues have caused a significant drop in Paladin Energy's stock prices, presenting an attractive entry point for investors. Despite these setbacks, Paladin Energy has implemented several measures, such as planned Operation upgrades and a transition to raw coal feed around mid-2025, and remains confident in achieving an annual production rate of 6 million pounds before the end of the 2025 fiscal year. The global shift toward cleaner Energy has driven Uranium prices to years' highs, from which Paladin Energy will benefit and improve its profitability. Therefore, the Director believes this investment presents an excellent opportunity for generating substantial returns and aligns with the company's strategy focus on creating value, thus, the Director believes these acquisitions are attractive investments that can enhance the company's investment returns.