CHINASILVER TEC: Subscription Under Special Authorization to Expire

Deep News10-27

CHINASILVER TEC (00515) announced that the subscribers have informed the company of their intention not to agree to further extend the final deadline. As a result, the subscription will expire on October 31, 2025. All rights, responsibilities, and liabilities of the company and the subscribers will cease upon expiration, and neither party may make any claims against the other regarding the subscription matters.

The board believes that the expiration of the subscription will not have a significant adverse impact on the company’s existing business operations. Although the company will continue to make every effort to explore financing opportunities in order to improve the group's working capital, liquidity, and cash flow, no binding agreements have yet been reached regarding any financing at this stage.

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