China Silver Group Limited announced six separate subscription agreements for a total of 910 million new shares at HK$0.51 each, generating gross proceeds of approximately HK$464.10 million. The issue price represents a 17.74% discount to the HK$0.62 closing price on 13 February 2026, the date the agreements were signed, and a 19.30% discount to the five-day average closing price of HK$0.632.
\n\nKey terms • Subscribers: Six professional investors—Ms. Ye Liman, Renovo Group Ltd., Mr. Yu Yim, Ms. Chen Zejun, Ms. Lin Xiuzhen and Mr. Lo Hoi Chuen—are all independent third parties and, post-completion, none will become a substantial shareholder. • Volume: 910 million new shares equal to 29.97% of current issued share capital and 23.06% of enlarged share capital. • Lock-up: Each subscriber undertakes not to dispose of the new shares within 30 days of issue. • Completion: Expected within five business days after all conditions—shareholder approval, Stock Exchange listing approval and accuracy of warranties—are met.
\n\nUse of proceeds (net estimated at HK$463.25 million) 1. HK$185.30 million (40%) – Capital expenditure for the Company’s 20% share in the exploration of the Shigatse Mine in Tibet. 2. HK$185.30 million (40%) – Potential shareholder loan to project company Xizang Shigatse Huaye Mining Development for future exploration funding. 3. HK$92.65 million (20%) – General working capital, including staff costs, professional fees, interest expenses and raw-material purchases.
\n\nImpact on shareholding Post-issuance, total outstanding shares will rise from 3.04 billion to 3.95 billion. Rich Union Enterprises’ stake will dilute from 10.15% to 7.81%, while public float will decrease from 82.09% to 63.16%. Each subscriber will hold between 1.52% and 4.94% of the enlarged share capital.
\n\nNext steps Shareholders will vote on the specific mandate at an Extraordinary General Meeting scheduled for 10 April 2026. Listing approval for the new shares is being sought from the Hong Kong Stock Exchange.
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