CHI KINGSTONE (01380) announced that on August 28, 2025 (after trading hours), the company entered into another subscription agreement with subscriber Liu Desheng. Under the agreement, the company has conditionally agreed to allot and issue, and the subscriber has conditionally agreed to subscribe for, 11.236 million subscription shares at a subscription price of HK$0.178 per subscription share, for a total consideration of HK$2 million.

The subscription shares in aggregate represent approximately 2.94% of the issued shares as enlarged by the allotment and issue of the subscription shares immediately after completion (assuming no change in the issued shares other than the issue of the subscription shares).

The subscription price of HK$0.178 per subscription share represents a discount of approximately 1.11% to the closing price of HK$0.180 per share as quoted on the Stock Exchange on August 28, 2025 (being the date of the subscription agreement).

The estimated net proceeds from the subscription will be approximately HK$1.9 million, equivalent to a net subscription price of approximately HK$0.169 per subscription share.

The company intends to use the proceeds from the subscription for: (a) general working capital purposes of the group; and (b) business development and expansion of the group (including but not limited to funding for the acquisition of Chilean mining rights).