CHI SILVER GP (00815) Proposes Increase in Authorized Share Capital

Stock News11-27

CHI SILVER GP (00815) announced that its board of directors has proposed an increase in the company's authorized share capital from HKD 30 million (divided into 3 billion shares) to HKD 50 million (divided into 5 billion shares) by adding 2 billion new shares. These new shares, once issued, will rank equally with existing shares in all respects.

As of the announcement date, 2.954 billion shares have been issued, while 45.6624 million shares remain authorized but unissued. To facilitate remaining subscription matters and provide flexibility for future fundraising opportunities to support the company's business plans and development, the board believes the capital increase aligns with the overall interests of the company and its shareholders.

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