China Silver Technology Holdings Limited (515) announced that the previously proposed share subscriptions under a specific mandate have lapsed. The company notes that the subscribers are not willing to extend the Long Stop Date, causing these subscriptions to lapse on 31 October 2025. All related rights and obligations between the company and the subscribers are discontinued as of that date.
According to the board of directors, the lapse is not expected to have any material adverse impact on existing operations. The company will continue to pursue potential fundraising opportunities but has yet to reach any binding agreement. Trading in the company's shares has been suspended since 2 October 2025 and remains suspended until further notice.
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