On 30 September 2026, China Kingstone Mining Holdings Limited signed a supplemental deed with vendor Mr. Song, extending the long stop date for completing its proposed acquisition of an 85% equity interest in the Target Company—from 30 September 2026 to 31 December 2026.
The deferral allows additional time to satisfy outstanding conditions precedent under the original 22 December 2023 sale and purchase agreement. All other contractual terms, including the issuance of a promissory note as consideration, remain unchanged.
Transaction completion continues to hinge on meeting or waiving the specified conditions; consequently, the acquisition may or may not proceed. The company stated it will provide further updates in line with Hong Kong Listing Rules and advised shareholders and potential investors to exercise caution when dealing in its securities.
As of the announcement date, China Kingstone Mining’s board comprises Chairman and Chief Executive Officer Mr. Chin Then Hin, executive directors Ms. Zhang Cuiwei and Mr. Zhang Mian, and independent non-executive directors Mr. Andreas Varianos, Ms. Zu Rui and Mr. Gao Shuang.