China Silver Group (00815) has announced that on February 13, 2026, the company entered into six separate subscription agreements with six subscribers. Under these agreements, the subscribers have conditionally agreed to subscribe, and the company has conditionally agreed to allot and issue a total of 910 million subscription shares at a price of HK$0.51 per share. The subscription price represents a discount of approximately 17.74% compared to the closing price of HK$0.62 per share on the Hong Kong Stock Exchange on February 13, 2026, the date of the subscription agreements. As of the date of this announcement, the company has 3.036 billion issued shares. Assuming no change in the issued share capital of the company between the date of this announcement and the completion date, the subscription shares will represent approximately 29.97% of the company's existing issued share capital as of the announcement date, and approximately 23.06% of the company's enlarged issued share capital following the allotment and issuance of the subscription shares (subject to completion of the subscription). The gross proceeds from the subscription are expected to be approximately HK$464 million. After deducting all related expenses, the net proceeds are estimated to be approximately HK$463 million. Approximately 40% of the net proceeds will be used for the company's anticipated capital expenditure contribution corresponding to its 20% equity interest in the Shigatse Mine, to fund general survey and other exploration work at the Shigatse Mine. Approximately 40% of the net proceeds will be reserved for providing further financing to Tibet Shigatse, the project company for the Shigatse Mine. The remaining 20% of the net proceeds will be allocated for the group's general working capital purposes.