China Kingstone Mining Holdings Limited announced that on 24 April 2026 it signed five subscription agreements to place a total of 15.88 million new shares at HK$0.57 each, generating gross proceeds of HK$9.05 million and estimated net proceeds of HK$8.90 million.
The placement will be executed under the company’s existing general mandate. The new shares represent 3.17% of the current 501.07 million shares in issue and 3.07% of the enlarged 516.95 million-share capital post-completion. The transaction will utilise 23.49% of the remaining mandate capacity, leaving 0.40 million shares available for future issuance.
Subscriber breakdown • Niu Jin Company Limited: 6.14 million shares (HK$3.50 million) • Zeng Jingfeng: 3.60 million shares (HK$2.05 million) • Sun Yijun: 3.51 million shares (HK$2.00 million) • Zheng Yong: 0.88 million shares (HK$0.50 million) • Zhou Zicheng: 1.75 million shares (HK$1.00 million)
The subscription price equals the 24 April closing price and carries a 2.40% discount to the five-day average of HK$0.584. Completion is conditional on standard approvals, including Stock Exchange listing approval for the new shares, and must occur by 31 May 2026 unless extended by the parties.
Post-transaction shareholding • Largest shareholder Kwok Sin Ting: unchanged at 80.50 million shares, diluted from 16.07% to 15.57% • Five subscribers combined: 15.88 million shares, or 3.07% post-issue • Public shareholders (excluding subscribers): diluted from 82.81% to 80.26%
Use of proceeds Approximately HK$8.90 million in net proceeds will be directed to general working-capital needs and to support business expansion, including exploration of precious-metal opportunities and potential projects in Chile.
Recent fund-raising record Over the past 12 months China Kingstone Mining has completed four equity placings that collectively raised HK$26.84 million in net proceeds, all applied to working capital and business expansion.
Management believes the latest subscriptions underscore investor confidence and will strengthen the group’s capital base ahead of its planned growth initiatives.