EVEREST GOLD (01815) and CHI SILVER GP (00815) plan to jointly acquire a 55% stake in Jiangxi Yiding Trading.

Everest Gold (01815) and CHI Silver GP (00815) jointly announced that on June 17, 2025, Everest Gold's wholly-owned subsidiary, Jiangxi Ji Yin Industrial Co., Ltd., and China Silver's wholly-owned subsidiary, Jiangxi Fu Hui Lithium Co., Ltd., plan to respectively acquire 35% and 20% equity in Jiangxi Yidong Trading Co., Ltd. from Jiangxi Yin Cai Trading Co., Ltd., with prices of RMB 3.5 million and RMB 2 million respectively. As of the date of this joint announcement, the target company holds 100% equity in Tibetan Rike and has no business operations or other significant assets and liabilities. Tibetan Rike is mainly engaged in the exploration of lead-zinc mines. As of the date of this joint announcement, Tibetan Rike holds an exploration license that authorizes it to carry out mineral resource surveys in an area of 50.81 square kilometers in Xigaze City, Tibet, with a validity period until September 30, 2026, which can be extended under specific conditions. The directors of China Silver and Everest Gold (including independent non-executive directors of China Silver and Everest Gold) believe that the acquisition of the target group and the exploration license for potential mineral resources will not only bring synergies to the existing businesses of CHI Silver GP and Everest Gold group but also help diversify business risks.