Summary by Futu AI
China Goldstone Mining Holdings Limited ("China Goldstone") received a notice of conversion from AOF I on June 3, 2024, and exercised the right to convert the first batch of bills worth HKD 1,500,000 into shares. The conversion price is HKD 0.1485 per share, based on 90% of the average closing price of HKD 0.1650 per share for three consecutive trading days from April 22 to April 24, 2024. After the conversion, China Goldstone issued a total of 10,101,010 conversion shares to AOF I on June 4, 2024. This will increase the issued share capital of China Goldstone to 214,957,315 shares, and the conversion shares will represent approximately 4.70% of the expanded issued share capital. After the conversion, Mr. Zheng Yonghui's shareholding ratio decreased from 21.09% to 20.10%, while the shareholding ratio of other shareholders decreased from 78.91% to 75.20%. The conversion shares will have the same status as all existing shares.