CHINASILVER TEC (00515): Subscription Rights Expire According to Special Authorization

Stock News10-24

CHINASILVER TEC (00515) announced that the subscribers informed the company of their unwillingness to agree to any further extension of the final deadline. As a result, the subscription will become invalid on October 31, 2025. All rights, obligations, and liabilities of the company and the subscribers will cease and terminate upon expiration, and neither party may make any claims against the other concerning the subscription matters. The board believes that the expiration of the subscription rights will not have a significant adverse impact on the company's current business operations. While the company will continue to explore fundraising opportunities to improve the group’s working capital, liquidity, and cash flow situation, no binding agreements for any fundraising have yet been reached at this stage.

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