香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任 何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購本公司證券之邀請或要約。 完成根據一般授權發行新股份 茲提述本公司日期為2024年11月11日之公告（「該公告」），內容有關（其中包括）建 議根據一般授權按認購價每股和解股份0.20港元發行40,000,000股和解股份。除文 義另有所指外，本公告所用詞彙與該公告所界定者具有相同涵義。 完成發行和解股份 董事會謹此宣佈，於2024年11月13日（交易時段後），認購事項已根據和解之條款 及條件完成，而本公司已向AOF I配發及發行合共40,000,000股和解股份，相當於本 公司經配發及發行和解股份擴大後之已發行股本約15.69%。 認購事項之所得款項總額及所得款項淨額（扣除相關專業費用及所有相關開支後） 將分別為8,000,000港元及約7,800,000港元。按此基準，淨發行價將約為每股和解股 份0.195港元。 誠如該公告「發行和解股份之理由及裨益」一段所披露 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任 何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購本公司證券之邀請或要約。 CHINA KINGSTONE MINING HOLDINGS LIMITED 中國金石礦業控股有限公司 （於開曼群島註冊成立並於百慕達存續的有限公司） （股份代號：1380） 就與AOF I和解 根據一般授權發行股份 茲提述中國金石礦業控股有限公司（「本公司」）日期為2023年11月27日之通函、本 公司日期為2023年12月28日及2024年10月29日之公告（統稱「該等公告」）。除另有 說明外，本公告所用詞彙與通函及該等公告所界定者具有相同涵義。 本公告乃由董事會根據上市規則第13.09條及證券及期貨條例（香港法例第571章） 第XIVA部項下內幕消息條文（定義見上市規則）作出。 認購價乃由本公司與AOF I 經公平磋商後釐定，並考慮（其中包括）市場狀況、現 行市價、股份面值及根據AOF I律師於2024年10月29日向本公司發出之 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任 何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CHINA KINGSTONE MINING HOLDINGS LIMITED 1 約利息」），逐日累計直至AOF I悉數收到違約贖回價款及相關應計違約利息之日（包 括該日）止。根據違約通知，倘本公司未能於2024年11月1日或之前支付上述款項， AOF I將對本公司提起法律訴訟。 本公司目前正在評估該爭議對本集團財務狀況及營運的影響。本公司將根據上市 規則規定適時就該爭議或AOF I可能採取之任何其他行動另行刊發公告。 中國金石礦業控股有限公司 （於開曼群島註冊成立並於百慕達存續的有限公司） （股份代號：1380） 內幕消息 與AOF I之爭議 本公告乃中國金石礦業控股有限公司（「本公司」，連同其附屬公司統稱「本集團」） 根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09(2) 條及證券及 期貨條例（香港法例第571章）第XIVA 部項下內幕消息條文（定義見上市規則）而 作出。 茲提述 ...

內幕消息 主要股東出售股份 本公告乃中國金石礦業控股有限公司（「本公司」）根據香港聯合交易所有限公司 證券上市規則（「上市規則」）第13.09(2) 條及證券及期貨條例（香港法例第571章） 第XIVA部項下內幕消息條文（定義見上市規則）而作出。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任 何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CHINA KINGSTONE MINING HOLDINGS LIMITED 中國金石礦業控股有限公司 （於開曼群島註冊成立並於百慕達存續的有限公司） （股份代號：1380） 公司秘書 張蔚琦 香港，2024年10月25日 於本公告日期，董事會成員包括執行董事張衛軍先生、張翠薇女士及張勉先生；以 及獨立非執行董事楊銳敏先生、Andreas Varianos先生及祖蕊女士。 本公司董事（「董事」）會（「董事會」）獲本公司前執行董事及本公司前主要股東 鄭永暉先生（「鄭先生」）通知，彼已於2024年10月24日在公開市場上出售合共 56,380,000股本公司股份 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任 何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CHINA KINGSTONE MINING HOLDINGS LIMITED 中國金石礦業控股有限公司 （於開曼群島註冊成立並於百慕達存續的有限公司） （股份代號：1380） 自願性公告－ 有關可能收購事項之諒解備忘錄 可能收購事項 董事會欣然宣佈，於2024年10月24日（聯交所交易時段後），本公司與賣方就可 能收購事項訂立諒解備忘錄。 除有關保密性、獨家期及管轄法律之條文外，諒解備忘錄之所有其他條文均不具 法律約束力。 董事會謹此強調，諒解備忘錄不一定會促成雙方訂立任何正式協議。倘可能收購 事項得以落實，根據上市規則其可能構成本公司之須予公佈交易。本公司將根據 上市規則之所有適用規定適時另行刊發公告。本公司股東及潛在投資者於買賣 本公司證券時，務請審慎行事。 可能收購事項 董事會欣然宣佈，於2024年10月24日（聯交所交易時段後），本公司與賣方就可能 收購事項訂立諒解備忘錄。 1 諒解備忘錄 日 ...

[Corporate Information](index=3&type=section&id=Corporate%20Information) [Corporate Information](index=3&type=section&id=Corporate%20Information) This section details the company's corporate structure, key personnel, and official contact information - The Board of Directors comprises four executive directors and three independent non-executive directors, with all committee chairmanships held by independent directors[2](index=2&type=chunk) - The company's principal place of business in China is the Zhangjiaba Mine in Jiangyou, Sichuan, while its Hong Kong office is at Concordia Plaza, Kowloon[3](index=3&type=chunk) [Management Discussion and Analysis](index=5&type=section&id=Management%20Discussion%20and%20Analysis) [Business Review](index=5&type=section&id=Business%20Review) The Group's two main segments, marble slag in China and food brands in the UK, both experienced significant revenue growth in H1 2024 [Marble Slag](index=5&type=section&id=Marble%20Slag) The marble slag business saw revenue grow 91.7% to RMB 27.7 million in H1 2024, driven by increased domestic demand in China - The Group owns and operates the Zhangjiaba Mine in China, producing marble slag, a raw material for Ground Calcium Carbonate (GCC) used in various daily products[5](index=5&type=chunk)[6](index=6&type=chunk)[8](index=8&type=chunk) Marble Slag Business Revenue Performance (HY2024 vs HY2023) | Period | Revenue (Approx. RMB) | Y-o-Y Change | | :--- | :--- | :--- | | H1 2024 | 27.7 million | +91.7% | | H1 2023 | 14.4 million | - | [Food Brand Business](index=6&type=section&id=Food%20Brand%20Business) The UK food brand business grew substantially after shifting its model to producing and selling pre-packaged meal kits - The Group pivoted its UK food business from a franchise restaurant model to producing pre-packaged meal kits in its own central kitchen for online and offline distribution[10](index=10&type=chunk)[12](index=12&type=chunk) Food Brand Business Sales (HY2024 vs HY2023) | Period | Sales (Approx. RMB) | Y-o-Y Change | | :--- | :--- | :--- | | H1 2024 | 3.1 million | +416.7% | | H1 2023 | 0.6 million | - | [Mine Exploration, Development and Production Activities](index=6&type=section&id=Mine%20Exploration,%20Development%20and%20Production%20Activities) The Group focused on stripping waste materials at the Zhangjiaba Mine in H1 2024, with no timeline for resuming marble block production due to weak demand - The mining permit for the Zhangjiaba Mine, which holds 44.2 million cubic meters of marble resources per a 2011 report, is valid until February 21, 2026[11](index=11&type=chunk) - Due to weak demand for marble blocks, the Group has **no intention to forecast a timeline for resuming their production**[14](index=14&type=chunk)[17](index=17&type=chunk) Mining Operations Expenses (HY2024 vs HY2023) | Item | H1 2024 (Approx. RMB) | H1 2023 (Approx. RMB) | | :--- | :--- | :--- | | Total Mining Expenses | 18.1 million | 8.4 million | | Of which: Stripping Subcontracting Costs | 18.0 million | 8.3 million | [Prospects](index=7&type=section&id=Prospects) The Group will remain vigilant amid economic challenges and focus on strengthening operations while exploring new business opportunities - The company anticipates that China's economy is entering an era of slow growth, facing persistent challenges from geopolitical tensions and weak domestic demand[16](index=16&type=chunk)[18](index=18&type=chunk) - The Group's strategy will focus on consolidating existing production operations, expanding its customer base, and continuously exploring new business opportunities[16](index=16&type=chunk)[18](index=18&type=chunk) [Financial Review](index=8&type=section&id=Financial%20Review) Total revenue grew 104.6% to RMB 30.8 million in H1 2024, but the period's loss widened to RMB 16.6 million due to higher costs and impairment losses [Revenue](index=8&type=section&id=Revenue) Total revenue increased by 104.6% to RMB 30.8 million, driven by strong growth in both marble slag and food sales Revenue by Product (HY2024 vs HY2023) | Product | H1 2024 (RMB'000) | H1 2023 (RMB'000) | Change | | :--- | :--- | :--- | :--- | | Marble slag | 27,676 | 14,439 | +91.7% | | Sale of food | 3,096 | 604 | +412.6% | | **Total** | **30,772** | **15,043** | **+104.6%** | Marble Business Sales Volume and Price | Metric | H1 2024 | H1 2023 | Change | | :--- | :--- | :--- | :--- | | Sales Volume (tonnes) | 1,064,477 | 555,337 | +91.7% | | Average Selling Price (RMB/tonne) | 26.0 | 26.0 | – | [Gross Profit and Gross Profit Margin](index=9&type=section&id=Gross%20Profit%20and%20Gross%20Profit%20Margin) Gross profit rose 76.4% to RMB 10.9 million, but the gross profit margin declined by 5.7 percentage points to 35.4% due to higher stripping costs Gross Profit and Margin Performance (HY2024 vs HY2023) | Metric | H1 2024 (Approx. RMB) | H1 2023 (Approx. RMB) | Change | | :--- | :--- | :--- | :--- | | Gross Profit | 10.9 million | 6.2 million | +76.4% | | Gross Profit Margin | 35.4% | 41.1% | -5.7pp | [Expenses and Loss for the period](index=9&type=section&id=Expenses%20and%20Loss%20for%20the%20period) The loss for the period widened to RMB 16.6 million, primarily due to a significant RMB 10.5 million impairment loss on other receivables - Selling and distribution expenses rose due to higher direct sales tax on marble slag sales, while administrative expenses increased from higher legal and professional fees[25](index=25&type=chunk) - A significant increase in impairment losses under the ECL model was mainly due to a **RMB 10.5 million provision** against the recoverability of a supplier refund (other receivables)[26](index=26&type=chunk) Loss for the Period (HY2024 vs HY2023) | Metric | H1 2024 (Approx. RMB) | H1 2023 (Approx. RMB) | | :--- | :--- | :--- | | Loss for the period | 16.6 million | 9.0 million | [Liquidity and Capital Resources](index=10&type=section&id=Liquidity%20and%20Capital%20Resources) The Group's gearing ratio improved to 0.06, and it maintains sufficient financial resources to meet its future liquidity needs Liquidity and Capital Position (Jun 30, 2024 vs Dec 31, 2023) | Metric | Jun 30, 2024 (Approx. RMB) | Dec 31, 2023 (Approx. RMB) | | :--- | :--- | :--- | | Total Equity | 139.9 million | 150.9 million | | Cash and Bank Balances | 3.8 million | 4.7 million | | Total Borrowings | 8.1 million | 16.2 million | | Gearing Ratio | 0.06 | 0.09 | [Conversion of convertible notes](index=12&type=section&id=Conversion%20of%20convertible%20notes) During H1 2024, the company issued 40,853,177 conversion shares from four separate conversions of convertible notes totaling HKD 6.5 million in principal - The company completed four conversions of convertible notes in February, March, April, and June 2024, issuing a total of **40,853,177 new shares**[32](index=32&type=chunk)[38](index=38&type=chunk)[39](index=39&type=chunk)[40](index=40&type=chunk) [Other Information](index=14&type=section&id=Other%20Information) This section covers compliance with corporate governance, director's securities dealings, the share option scheme, and dividend policy [Corporate Governance](index=14&type=section&id=Corporate%20Governance) The company complied with most Corporate Governance Code provisions in H1 2024 but had three deviations related to role separation, insurance, and AGM attendance - The company had three deviations from the Corporate Governance Code: - **C.2.1**: The roles of Chairman and CEO were not separate, and the CEO's duties were assumed by executive directors after his resignation - **C.1.8**: No liability insurance was arranged for directors against legal actions - **F.2.2**: Some directors and committee chairmen were unable to attend the AGM due to other commitments[42](index=42&type=chunk)[43](index=43&type=chunk)[44](index=44&type=chunk)[45](index=45&type=chunk) [Share Option Scheme](index=18&type=section&id=Share%20Option%20Scheme) No new share options were granted under the current scheme, while over 10.3 million options from a terminated 2011 scheme remain outstanding - **No share options have been granted** since the adoption of the new scheme in 2020[68](index=68&type=chunk)[69](index=69&type=chunk) Changes in 2011 Share Option Scheme (HY2024) | Status | Quantity | | :--- | :--- | | Outstanding at beginning of period | 10,613,607 | | Lapsed/Cancelled during the period | (303,039) | | Outstanding at end of period | 10,310,568 | [Interim Dividend](index=20&type=section&id=Interim%20Dividend) The Board of Directors does not recommend the payment of any interim dividend for the first half of 2024 - The Board **does not recommend an interim dividend** for H1 2024[72](index=72&type=chunk) [Condensed Consolidated Financial Statements](index=21&type=section&id=Condensed%20Consolidated%20Financial%20Statements) [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=21&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) The statement shows a net loss attributable to owners of RMB 16.6 million for H1 2024, an increase from the prior year's loss Condensed Consolidated Statement of Profit or Loss Summary (HY2024 vs HY2023) | Metric (RMB'000) | H1 2024 (Unaudited) | H1 2023 (Unaudited) | | :--- | :--- | :--- | | Revenue | 30,772 | 15,043 | | Gross profit | 10,903 | 6,181 | | Loss before tax | (16,487) | (8,986) | | Loss for the period | (16,592) | (8,986) | | Basic loss per share (RMB cents) | (8.57) | (6.19) | [Condensed Consolidated Statement of Financial Position](index=22&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2024, the Group had net assets of RMB 139.9 million but reported net current liabilities of RMB 3.8 million Condensed Consolidated Statement of Financial Position Summary (Jun 30, 2024 vs Dec 31, 2023) | Metric (RMB'000) | Jun 30, 2024 (Unaudited) | Dec 31, 2023 (Audited) | | :--- | :--- | :--- | | Non-current assets | 146,740 | 149,015 | | Current assets | 65,707 | 63,326 | | **Total assets** | **212,447** | **212,341** | | Current liabilities | 69,480 | 58,327 | | Non-current liabilities | 3,115 | 3,113 | | **Total liabilities** | **72,595** | **61,440** | | **Net assets** | **139,852** | **150,901** | | **Total equity** | **139,852** | **150,901** | [Condensed Consolidated Statement of Changes in Equity](index=24&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) Total equity decreased to RMB 139.9 million, primarily due to a period loss of RMB 17.0 million, partially offset by the conversion of convertible notes Summary of Changes in Total Equity (HY2024) | Item (RMB'000) | Amount | | :--- | :--- | | Total equity at Jan 1, 2024 | 150,901 | | Total comprehensive loss for the period | (16,950) | | Lapse of share options | – | | Conversion of convertible notes | 5,901 | | **Total equity at Jun 30, 2024** | **139,852** | [Condensed Consolidated Statement of Cash Flows](index=25&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) The Group generated positive cash from operations, but net cash decreased due to outflows from financing activities, primarily loan repayments Condensed Statement of Cash Flows Summary (HY2024 vs HY2023) | Item (RMB'000) | H1 2024 (Unaudited) | H1 2023 (Unaudited) | | :--- | :--- | :--- | | Net cash from operating activities | 2,196 | (721) | | Net cash from/(used in) investing activities | 1 | (225) | | Net cash (used in)/from financing activities | (2,767) | 903 | | Net decrease in cash and cash equivalents | (570) | (43) | | Cash and cash equivalents at end of period | 3,798 | 2,386 | [Notes to the Condensed Consolidated Interim Financial Statements](index=26&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Interim%20Financial%20Statements) [2. BASIS OF PREPARATION](index=26&type=section&id=2.%20BASIS%20OF%20PREPARATION) The financial statements were prepared on a going concern basis despite a net loss and net current liabilities, due to management's mitigating actions - A material uncertainty exists that may cast significant doubt on the Group's ability to continue as a going concern, due to: - A **net loss of RMB 16,592,000** for the six months ended June 30, 2024 - **Net current liabilities of RMB 3,773,000** as of June 30, 2024[85](index=85&type=chunk) - Management has implemented several measures, including active collection of receivables, loan renewals, seeking new financing, and cost control, and believes the Group can continue as a going concern[85](index=85&type=chunk) [4. SEGMENT INFORMATION](index=29&type=section&id=4.%20SEGMENT%20INFORMATION) The Group operates two segments, with the marble slag segment generating most of the revenue and the food brand segment reporting a loss Segment Revenue and Results (HY2024) | Segment (RMB'000) | Revenue | Results | | :--- | :--- | :--- | | Marble slag | 27,676 | 307 | | Food brand | 3,096 | (2,207) | | **Total** | **30,772** | **(1,900)** | Revenue from External Customers by Location (HY2024) | Location (RMB'000) | Revenue | | :--- | :--- | | The PRC | 27,676 | | The UK | 3,096 | | Hong Kong | – | | **Total** | **30,772** | [9. LOSS FOR THE PERIOD](index=35&type=section&id=9.%20LOSS%20FOR%20THE%20PERIOD) An impairment loss of RMB 10.5 million on other receivables was a key driver of the increased loss for the period Major Items Deducted from Loss for the Period (HY2024) | Item (RMB'000) | Amount | | :--- | :--- | | Cost of inventories sold | 1,714 | | Depreciation of property, plant and equipment | 640 | | Impairment loss recognised on trade receivables | 1,740 | | Impairment loss recognised on other receivables | 10,524 | [13. TRADE RECEIVABLES](index=36&type=section&id=13.%20TRADE%20RECEIVABLES) Net trade receivables increased significantly to RMB 43.3 million, with approximately 99% of the balance aged within 180 days Ageing Analysis of Trade Receivables (Net) | Ageing (RMB'000) | Jun 30, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | 0 to 90 days | 28,212 | 23,028 | | 91 to 180 days | 15,054 | 980 | | 181 to 360 days | – | – | | 361 to 720 days | – | – | | **Total** | **43,266** | **24,008** | [15. CONVERTIBLE NOTES](index=37&type=section&id=15.%20CONVERTIBLE%20NOTES) The carrying value of convertible notes decreased to RMB 3.2 million after partial conversion during the first half of 2024 - The first tranche of convertible notes with a principal of **HKD 10 million** and a 2% annual interest rate was issued on December 28, 2023[125](index=125&type=chunk)[126](index=126&type=chunk)[127](index=127&type=chunk) Movement of Convertible Notes (HY2024) | Item (RMB'000) | Amount | | :--- | :--- | | At Jan 1, 2024 | 9,062 | | Conversion of convertible notes | (5,900) | | Exchange realignment | 32 | | **At Jun 30, 2024** | **3,194** | [18. LITIGATION UPDATE](index=41&type=section&id=18.%20LITIGATION%20UPDATE) One major lawsuit was terminated by consent in June 2024, while another concerning HKD 61.4 million remains in its early stages - The lawsuit initiated by Plaintiff A (Mr. Li Jiaju) against the company was **terminated by a court order** on June 28, 2024[135](index=135&type=chunk) - Litigation from Plaintiff B (Zhongtai International Finance Limited) regarding approximately HKD 61.4 million is ongoing, but the company believes a liability is unlikely and has made **no provision**[136](index=136&type=chunk)[137](index=137&type=chunk)[138](index=138&type=chunk)

Revenue Performance - Revenue for the six months ended June 30, 2024, was RMB 30,772,000, an increase of 104.6% compared to RMB 15,043,000 for the same period in 2023[1] - The group reported revenue of RMB 30,772 thousand for the six months ended June 30, 2024, compared to RMB 15,043 thousand for the same period in 2023, representing a growth of 104.5%[17] - The revenue from marble slag sales was RMB 27,676 thousand for the six months ended June 30, 2024, up from RMB 14,439 thousand in the previous year, indicating an increase of 92.0%[17] - The food brand segment generated revenue of RMB 3,096 thousand for the six months ended June 30, 2024, compared to RMB 604 thousand in the same period last year, reflecting a growth of 413.8%[17] - The revenue for the marble slag business reached approximately RMB 27,700,000 in the first half of 2024, an increase of approximately RMB 13,300,000 or 91.7% compared to RMB 14,400,000 in the first half of 2023[30] - The total revenue for the group increased from approximately RMB 15,000,000 in the first half of 2023 to approximately RMB 30,800,000 in the first half of 2024, representing a growth of approximately RMB 15,800,000 or 104.6%[33] - The sales volume of marble slag increased by 91.7% from 555,337 tons in the first half of 2023 to 1,064,477 tons in the first half of 2024[34] Profitability and Losses - The company reported a net loss of RMB 16,592,000 for the six months ended June 30, 2024, compared to a net loss of RMB 8,986,000 for the same period in 2023[2] - Basic loss per share was RMB (8.57) for the six months ended June 30, 2024, compared to RMB (6.19) for the same period in 2023[2] - The group reported a pre-tax loss of RMB 16,487 thousand for the six months ended June 30, 2024, compared to a loss of RMB 8,986 thousand in the same period last year[10] - The group recorded a loss of approximately RMB 16,600,000 in the first half of 2024, compared to a loss of approximately RMB 9,000,000 in the first half of 2023, an increase of approximately RMB 7,600,000[40] - Total other income and net profit for the six months ended June 30, 2024, was RMB 274,000, compared to RMB 1,883,000 for the same period in 2023, representing a decrease of approximately 85.5%[18] Gross Profit and Margins - Gross profit for the period was RMB 10,903,000, up from RMB 6,181,000 in the same period last year[2] - The gross profit rose from approximately RMB 6,200,000 in the first half of 2023 to approximately RMB 10,900,000 in the first half of 2024, an increase of approximately RMB 4,700,000 or 76.4%[34] - The gross margin decreased from approximately 41.1% in the first half of 2023 to approximately 35.4% in the first half of 2024, a decline of about 5.7 percentage points due to rising extraction costs[35] Assets and Liabilities - Total assets less current liabilities amounted to RMB 142,967,000 as of June 30, 2024, down from RMB 154,014,000 as of December 31, 2023[3] - Non-current assets were valued at RMB 146,740,000 as of June 30, 2024, compared to RMB 149,015,000 as of December 31, 2023[3] - The total assets of the group as of June 30, 2024, were RMB 212,447 thousand, slightly up from RMB 212,341 thousand as of December 31, 2023[13] - The total liabilities increased to RMB 72,595 thousand as of June 30, 2024, from RMB 61,440 thousand as of December 31, 2023, marking a rise of 18.0%[14] - The marble slag segment's assets increased to RMB 193,552 thousand as of June 30, 2024, compared to RMB 173,817 thousand at the end of 2023, showing a growth of 11.4%[13] - Trade receivables as of June 30, 2024, amounted to RMB 43,266,000, up from RMB 24,008,000 as of December 31, 2023, representing an increase of approximately 80.3%[25] - Trade payables as of June 30, 2024, were RMB 27,215,000, compared to RMB 10,268,000 as of December 31, 2023, showing an increase of about 164.5%[26] Cash Flow and Financial Condition - The company had current liabilities exceeding current assets by RMB 3,773,000 as of June 30, 2024, indicating significant uncertainty regarding its ability to continue as a going concern[5] - The company plans to take proactive measures to recover trade and other receivables to improve cash flow and financial condition[5] - The group has implemented various cost-saving measures to improve operating cash flow, ensuring sufficient working capital for future operations[6] - The group anticipates sufficient operating funds to meet its operational needs and fulfill its financial obligations in the foreseeable future[6] - As of June 30, 2024, the group's cash and bank balance was approximately RMB 3,800,000, down from RMB 4,700,000 as of December 31, 2023[42] Expenses and Costs - The cost of goods sold for the six months ended June 30, 2024, was RMB 1,714,000, significantly higher than RMB 463,000 for the same period in 2023, reflecting an increase of approximately 269.8%[21] - The administrative expenses increased from approximately RMB 11,500,000 in the first half of 2023 to approximately RMB 12,600,000 in the first half of 2024, primarily due to higher legal and professional fees[36] - Interest expenses for the six months ended June 30, 2024, totaled RMB 310,000, down from RMB 955,000 in the same period of 2023, indicating a reduction of about 67.5%[18] - Total employee costs for the first half of 2024 were approximately RMB 3,700,000, slightly up from RMB 3,600,000 in the first half of 2023[45] Corporate Governance and Compliance - The company has maintained compliance with the corporate governance code, with some deviations noted regarding the roles of the chairman and CEO[50] - The company has adopted the standard code of conduct for securities trading by directors as per the listing rules appendix C3, confirming compliance for the first half of 2024[52] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited interim results for the first half of 2024 and recommended adoption by the board[53] Future Plans and Strategies - The company plans to utilize net proceeds from share issuances for general working capital, including repayment of any outstanding loans[27] - The company will continue to consolidate production and operations while expanding its customer base to enhance business performance and seek new opportunities for greater shareholder returns[49] Other Information - The company did not declare any dividends for the six months ended June 30, 2024, and 2023[24] - The company has no tax provisions for corporate income tax in the UK and China for the periods ended June 30, 2024, and 2023 due to no taxable profits generated[20] - The company operates a beige marble mine located in Jiangyou City, Sichuan Province, China, focusing on the production and sale of marble slag[29] - The company has no significant contingent liabilities or capital commitments as of June 30, 2024[47] - The group has no significant foreign exchange risk as most transactions, assets, and liabilities are denominated in RMB[44] - The company issued a total of 12,099,213 shares upon the conversion of convertible notes worth HKD 2,000,000 on February 27, 2024[47] - No purchase, sale, or redemption of the company's listed securities occurred during the six months ending June 30, 2024[54]

Financial Performance - The net loss attributable to owners of the Company for FY2023 was approximately RMB59.6 million, a decrease of approximately 3.7% compared to a net loss of RMB61.9 million for FY2022[8]. - Basic loss per share for FY2023 was approximately RMB38.7 cents, representing a decrease of approximately 11.4% from RMB43.7 cents per share for FY2022[8]. - Gross profit decreased by approximately RMB5.2 million or 19.3%, from approximately RMB26.8 million for FY2022 to approximately RMB21.6 million for FY2023[25]. - The Group's revenue decreased by approximately RMB 13.8 million or 19.1% from about RMB 72.3 million in FY2022 to approximately RMB 58.5 million in FY2023, primarily due to a decline in demand for marble slabs[53]. - For FY2023, the Group recorded revenue of approximately RMB58.5 million, a decrease of approximately 19.1% compared to FY2022's revenue of RMB72.3 million[191]. - The gross profit for FY2023 was approximately RMB21.6 million, representing a decrease of approximately 19.3% from FY2022's gross profit of RMB26.8 million[191]. Operational Highlights - The total marble resources at the Zhangjiaba Mine were reported at 32.14 million cubic meters for FY2023, down from 34.47 million cubic meters in FY2022[7]. - The total marble reserves for FY2023 were reported at 11.45 million cubic meters, a decrease from 12.29 million cubic meters in FY2022[7]. - The renewed mining permit for Zhangjiaba Mine is valid from February 21, 2021, to February 21, 2026[158]. - The Group has the largest beige marble mine in China, located in Sichuan Province, based on certification from the China Stone Material Association[158]. - The Group aims to maintain stable growth in the mining business in China while focusing on overseas expansion as a growth driver[160]. Business Development - The Company has entered into a memorandum of understanding to develop gold mining opportunities in Chile, capitalizing on the upward trend in gold demand[12]. - The Group commenced a food service business in the UK in December 2021, operating a delivery-only model with a central kitchen for meal kits[180]. - The Group's e-commerce operations include an online platform (www.celeplate.co.uk) for consumers and sales to retailers as distribution channels[180]. - The Group has launched a new distribution channel for ready-to-cook meal kits, selling products to retail stores and supermarkets since 2023[195]. - The Company is expanding its mining operations into Chile, capitalizing on the rising demand for gold amid geopolitical tensions and economic concerns[196]. Employee and Governance - The Group employed a total of 36 employees as of December 31, 2023, down from 38 employees in the previous year[33]. - Total staff costs for FY2023 were approximately RMB8.1 million, an increase of 33% from RMB6.1 million in FY2022[33]. - The Group's emolument policies are based on individual performance and salary trends in Hong Kong and the PRC, with discretionary bonuses subject to profitability[33]. - The Board has not identified any significant non-compliance with laws and regulations impacting the Group's operations during FY2023[33]. - The Board has yet to appoint a Chairman, with independent members temporarily fulfilling this role to ensure effective governance[45]. Corporate Governance - The Company has complied with all code provisions of the Corporate Governance Code for FY2023, except for deviations from provisions C.2.1, C.1.8, and F.2.2[76]. - The Company believes that the risk of legal claims against directors is relatively low due to existing internal controls[79]. - The Company currently does not have insurance cover for legal actions against Directors, believing the risk is relatively low[47]. - The Company is committed to high standards of corporate governance to protect shareholder interests and enhance shareholder value[77]. - The Board ensures the appointment of at least three independent non-executive directors (INEDs), with at least one-third of its members being INEDs[174]. Market Conditions - The property sector in China continues to face a liquidity crisis, impacting overall economic recovery and investor confidence[200]. - The Chinese government has implemented support measures to alleviate cash flow pressures, which are expected to gradually improve market confidence[194]. - The Company anticipates that China's economic growth momentum will stabilize and gradually improve as government support measures take effect in 2024[194]. Impairment and Receivables - The Group recorded an impairment loss of RMB 9.6 million on trade receivables for FY2023, a decrease of RMB 28.3 million compared to RMB 37.9 million in FY2022[56]. - The Group has made a full provision for impairment of outstanding trade receivables overdue for more than two years according to its accounting policies[56]. - The impairment loss for trade receivables was primarily due to delayed payments from marble slab customers affected by financial difficulties[152]. - The Group's customers have repaid overdue debts amounting to approximately RMB 3,600,000 during FY2023[152]. Sales and Marketing - The virtual restaurant business saw a sales increase of approximately 204.6% compared to FY2022, indicating significant growth potential[19]. - Sales of marble slabs dropped from approximately RMB 71.6 million in FY2022 to about RMB 56.3 million in FY2023, a decrease of approximately RMB 15.3 million[53]. - In FY2023, sales of marble slags decreased by approximately 21.4% from RMB 71.6 million in FY2022 to 56.3 million due to subdued demand and weak consumption[192][194]. - The gross profit margin for the marble slags business slightly increased from approximately 37.4% in FY2022 to approximately 37.5% in FY2023[194]. - Sales volume of marble slags decreased from 2.8 million tons in FY2022 to 2.2 million tons in FY2023, a decline of 21.4%[200].

Financial Performance - China Kingstone Mining Holdings Limited reported its annual performance for the year ending December 31, 2023[3] - The financial figures in the announcement are consistent with the audited consolidated financial statements for the year[4] Accuracy and Guarantees - The company has not provided any guarantees regarding the accuracy of the announcement's content[4] Board of Directors - The board of directors includes both executive and independent non-executive members[7] Announcement Details - The announcement was made on March 27, 2024, following the annual performance report[6]

Financial Performance - Revenue for the year ended December 31, 2023, was RMB 58,491,000, a decrease of 19.1% from RMB 72,289,000 in 2022[3] - The loss attributable to the owners of the company for the year was RMB 59,600,000, an improvement of RMB 2,284,000 compared to a loss of RMB 61,884,000 in 2022[3] - Basic loss per share for the year was RMB 38.7, an improvement of RMB 5.0 from RMB 43.7 in 2022[3] - Gross profit for the year was RMB 21,654,000, down from RMB 26,848,000 in 2022, reflecting a decrease of 19.3%[5] - Total revenue from external customers for 2023 was RMB 58,491,000, a decrease of 19% from RMB 72,289,000 in 2022[17] - Revenue from major customer A contributed RMB 56,261,000 in 2023, down from RMB 71,557,000 in 2022, representing a decline of 21%[18] - Other income and net gains for 2023 totaled RMB 4,111,000, an increase of 102% compared to RMB 2,040,000 in 2022[20] - The company reported a pre-tax loss of RMB 59,600,000 for 2023, slightly improved from a loss of RMB 61,884,000 in 2022[27] - Basic loss per share for 2023 was RMB 0.387, compared to RMB 0.437 in 2022, indicating a reduction in loss per share[27] - Revenue declined by approximately RMB 13,800,000 or 19.1% from about RMB 72,300,000 in FY2022 to approximately RMB 58,500,000 in FY2023, primarily due to decreased demand for marble slag[41] Assets and Liabilities - Total assets as of December 31, 2023, were RMB 213,341,000, down from RMB 292,243,000 in 2022[7] - Current liabilities decreased to RMB 58,327,000 from RMB 87,005,000 in 2022, indicating improved liquidity[7] - The company's net asset value as of December 31, 2023, was RMB 150,901,000, down from RMB 201,201,000 in 2022[7] - Trade receivables at the end of 2023 amounted to RMB 24,008,000, a significant decrease of 63% from RMB 64,305,000 in 2022[32] - Trade payables at the end of 2023 were RMB 10,268,000, down from RMB 37,249,000 in 2022, reflecting a decrease of 72%[33] - Total equity as of December 31, 2023, was approximately RMB 150,900,000, a decrease of 25.0% from RMB 201,200,000 as of December 31, 2022, mainly due to the net loss recorded in the fiscal year 2023[54] - Cash and bank balances as of December 31, 2023, were approximately RMB 4,700,000, an increase from RMB 3,200,000 as of December 31, 2022[54] - The group had total borrowings of approximately RMB 16,200,000 as of December 31, 2023, down from RMB 19,100,000 as of December 31, 2022[55] Operational Efficiency - The company reported a significant reduction in expected credit loss impairment to RMB 19,889,000 from RMB 41,009,000 in 2022[5] - Selling and distribution expenses decreased from RMB 8,500,000 in FY2022 to RMB 4,200,000 in FY2023, mainly due to the decline in marble slag sales[46] - Administrative expenses decreased from RMB 38,300,000 in FY2022 to RMB 32,600,000 in FY2023, influenced by a reduction in impairment losses on other receivables[47] - Impairment losses on trade receivables were RMB 9,600,000 in FY2023, a decrease of RMB 28,300,000 from RMB 37,900,000 in FY2022[48] Market Outlook - Future outlook remains cautious due to market conditions, with a focus on cost management and operational efficiency[8] - The company expects improvements in the Chinese economy in the coming years due to government support policies aimed at boosting investor confidence[36] Business Development - The company has made investments in new technologies and product development, although specific details were not disclosed in the report[8] - The company has expanded its online restaurant business, which is anticipated to be one of the most promising growth areas[37] - Food sales increased by approximately RMB 1,500,000 in FY2023, contributing to a total food sales revenue of RMB 2,230,000, representing a growth of 204.6% compared to FY2022[42] - The online restaurant business's food sales increased by approximately 204.6% compared to the fiscal year 2022, indicating significant growth potential[64] - The company has signed a memorandum of understanding to jointly develop gold mining rights in Chile, aiming to expand its mining operations overseas[65] Corporate Governance - The company has adhered to the corporate governance code as per the Hong Kong Stock Exchange rules for the fiscal year 2023, with specific deviations noted in sections C.2.1, C.1.8, and F.2.2[70] - The roles of the Chairman and CEO are clearly defined to ensure independence and proper checks and balances, although the board has not appointed a Chairman for the fiscal year 2023[71] - The company has not made any insurance arrangements for directors against legal claims, believing the risk is relatively low under current internal controls[72] - The Chairman of the board did not attend the annual general meeting due to other commitments, which is a noted non-compliance with corporate governance guidelines[73] - The audit committee, composed of three independent non-executive directors, has reviewed the consolidated financial statements for the year ending December 31, 2023[75] Other Information - The group recorded an impairment loss of RMB 27,300,000 for non-financial assets in the fiscal year 2023, primarily due to a decrease in the recoverable amount of cash-generating units from the Zhangjiaba Mine[51] - The group did not incur any capital expenditures in the fiscal year 2023, while capital expenditures in the fiscal year 2022 were RMB 1,300,000[56] - The group had no significant contingent liabilities or capital commitments as of December 31, 2023[60][61] - No significant events affecting the group occurred after December 31, 2023, up to the date of this announcement[76] - The annual performance announcement and the 2023 annual report will be published on the Stock Exchange and the company's website, containing all required information[77]