Group 1 - Everest Gold has entered into a subscription agreement with six subscribers to issue a total of 248 million subscription shares at a price of HKD 1.61 per share, representing a discount of approximately 19.50% to the closing price of HKD 2.00 on the date of the agreement [2] - The shares to be issued will account for approximately 16.66% of Everest Gold's enlarged issued share capital after the completion of the subscription [2] - The estimated net proceeds from the subscription are approximately HKD 398 million, which will primarily be used to support the anticipated business growth and development of Everest Gold Group [2] Group 2 - China Silver Group is expected to continue as the controlling shareholder of Everest Gold immediately following the completion of the subscription [2]

Core Viewpoint - Everest Gold (stock code: 1815) announced a financing plan through the placement of new shares, raising approximately HKD 398 million, with a total of around HKD 400 million expected after expenses [1] Group 1: Financing Details - The company plans to issue 247,500,000 new shares at a price of HKD 1.61, representing a discount of approximately 19.5% compared to the previous trading day's closing price of HKD 2.00 [1] - The placement price also reflects an 18.8% discount compared to the average closing price of HKD 1.982 over the last five trading days [1] - The new shares will account for about 19.99% of the existing issued share capital and approximately 16.66% of the enlarged share capital after completion [1] Group 2: Use of Proceeds - The funds raised will be allocated for exploration activities at the Shannan and Shigatse mines, capital expenditures for potential mining opportunities nearby, and general corporate purposes [1] - The financing is based on a general authorization granted at the shareholders' meeting and is expected to be completed within five business days after the fulfillment of conditions by February 28, 2026 [1] Group 3: Company Overview - Everest Gold is a leading integrated online and offline jewelry retailer in China, primarily engaged in the design and sale of gold, silver, gemstones, and other jewelry products [1]

Core Viewpoint -珠峰黄金 has entered into subscription agreements with six subscribers to issue a total of 248 million shares at a subscription price of HKD 1.61 per share, raising approximately HKD 398.475 million in total funds, with a net amount of about HKD 397.975 million [1] Group 1: Fund Utilization - The raised funds will primarily be used for exploration and survey expenses at the Xizang Shannan Mine and the Shigatse Mine [1] - 20% of the funds will be allocated for working capital to enhance raw material self-sufficiency in response to rising gold prices and resource development demands [1]

假设于本联合公告日期至完成日期之间珠峰黄金已发行股本概无变动，相当于珠峰黄金经配发及发行认 购股份扩大后(须待认购事项完成后方可作实)的已发行股本的约16.66%。每股认购股份的认购价1.61港 元较珠峰黄金股份于2025年11月19日(即认购协议日期)在联交所所报收市价每股2.00港元折让约 19.50%。 假设所有认购股份均已悉数认购，并在完成的前提下，预计认购事项募集的所得款项总额为3.985亿港 元，经扣除所有相关开支后，所得款项净额约为3.98亿港元。认购事项募集的所得款项净额将主要用于 满足珠峰黄金集团预期的业务增长及发展。 完成后，中国白银于珠峰黄金的股份权益将由约40.39%摊薄至约33.66%(假设于本联合公告日期至完成 日期之间珠峰黄金的已发行股本无其他变动)。根据上市规则第14.29条，紧随完成后中国白银于珠峰黄 金的股份权益摊薄构成中国白银的视作出售事项。紧随完成后，珠峰黄金的财务业绩及财务状况将不再 于中国白银集团的综合财务报表综合入账。然而，中国白银应占珠峰黄金集团约33.66%的损益将采用 权益法被确认为中国白银的损益。通过紧接完成后持有珠峰黄金的33.66%权益，中国白银亦预期 ...

假设于本联合公告日期至完成日期之间珠峰黄金已发行股本概无变动，相当于珠峰黄金经配发及发行认 购股份扩大后(须待认购事项完成后方可作实)的已发行股本的约16.66%。每股认购股份的认购价1.61港 元较珠峰黄金股份于2025年11月19日(即认购协议日期)在联交所所报收市价每股2.00港元折让约 19.50%。 假设所有认购股份均已悉数认购，并在完成的前提下，预计认购事项募集的所得款项总额为3.985亿港 元，经扣除所有相关开支后，所得款项净额约为3.98亿港元。认购事项募集的所得款项净额将主要用于 满足珠峰黄金集团预期的业务增长及发展。 智通财经APP讯，珠峰黄金(01815)与中国白银集团联合公告，于2025年11月19日(交易时段后)，珠峰黄 金分别与6名认购人订立6份认购协议，据此，认购人有条件同意认购，而珠峰黄金有条件同意按认购价 每股认购股份1.61港元配发及发行合共2.48亿股认购股份。 完成后，中国白银于珠峰黄金的股份权益将由约40.39%摊薄至约33.66%(假设于本联合公告日期至完成 日期之间珠峰黄金的已发行股本无其他变动)。根据上市规则第14.29条，紧随完成后中国白银于珠峰黄 金的股份权 ...

假设所有认购股份均已悉数认购，并在完成的前提下，预计认购事项募集之所得款项总额为3.985亿港 元，经扣除所有相关开支后，所得款项净额约为3.98亿港元。认购事项募集之所得款项净额将主要用于 满足珠峰黄金集团预期的业务增长及发展。 格隆汇11月19日丨珠峰黄金(01815.HK)公告，于2025年11月19日，珠峰黄金分别与六名认购人订立六份 认购协议，据此，认购人有条件同意认购，而珠峰黄金有条件同意按认购价每股认购股份1.61港元配发 及发行合共2.48亿股认购股份。 认购股份的总面值为24,750美元，而根据珠峰黄金股份于认购协议日期在联交所所报收市价每股2.00港 元计算的市值为4.95亿港元。每股认购股份的认购价1.61港元较联交所所报收市价每股2.00港元折让约 19.50%。 ...

CHINA SILVER GROUP LIMITED 中國白銀集團有限公 司 （於開曼群島註冊成立的有限公司） （股份代號：815） （於開曼群島註冊成立的有限公司） （股份代號：1815） Mount Everest Gold Group Company Limited 珠峰黃金集團有限公司 聯合公告 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聯合公告的內容 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 聯合公告全部或任何部分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。 本聯合公告僅供參考，並不構成收購、購買或認購中國白銀集團有限公司或 珠峰黃金集團有限公司任何證券的邀請或要約。 非常重大出售事項 根據一般授權認購新股份 視作出售事項 珠峰黃金財務顧問 認購事項 於二零二五年十一月十九日（交易時段後），珠峰黃金分別與六名認購人訂 立六份認購協議，據此，認購人有條件同意認購，而珠峰黃金有條件同意按 認購價每股認購股份1.61港元配發及發行合共247,500,000股認購股份。 1 認購股份將根據於股東週年大會授予珠峰黃金董事之一般授權予以配發及 發行。因此，配發 ...

Core Viewpoint - The decline in gold prices has led to a significant drop in Hong Kong-listed gold stocks, with various companies experiencing losses of over 5% [1] Group 1: Market Impact - Gold prices continue to fall, with spot gold dropping 0.64% to below $4020 per ounce, influenced by diminishing expectations of a rate cut in the U.S. next month [1] - Major gold stocks in Hong Kong, such as Lingbao Gold and Tongguan Gold, have seen declines of over 5% and 4.6% respectively, reflecting the broader market trend [2] Group 2: Industry Trends - A new tax policy on gold has resulted in increased prices at Shenzhen's Shui Bei market, leading to a noticeable decrease in sales volume for gold jewelry stores [1] - Retailers in Shenzhen, such as Wu Zude, report a significant drop in daily sales from three to four hundred grams to less than 200 grams, indicating a slowdown in purchasing activity [1]

Core Viewpoint - The decline in gold prices has led to a significant drop in Hong Kong gold stocks, with major companies experiencing losses of over 5% [1] Group 1: Market Performance - Lingbao Gold fell by over 5%, while Tongguan Gold and China Silver Group dropped by 4.6% [1] - Zijin Gold International decreased by 4%, and China National Gold fell by 3.6% [1] - Other companies such as Zhaojin Mining, Shandong Gold, Chifeng Jilong Gold, and Zijin Mining also saw declines of over 2% [1][2] Group 2: Gold Price Trends - Spot gold prices have continued to decline, currently falling 0.64% to below $4020 per ounce [1] - Expectations for a rate cut in the U.S. next month are fading, contributing to the downward trend in gold prices [1] Group 3: Industry Insights - CICC's 2026 outlook suggests that the current gold bull market may not be over, with historical comparisons indicating that the current price increase and duration are still lower than the major upswings in the 1970s and 2000s [1] - In Shenzhen's Shui Bei market, the new gold tax policy has led to an increase in gold prices, causing frequent order cancellations among gold merchants [1] - A gold jewelry store owner in Shenzhen reported a significant drop in daily sales from 300-400 grams to less than 200 grams [1]

Group 1 - Gold stocks continue to rise, with notable increases in shares of companies such as珠峰黄金 (5.94% increase), 招金矿业 (4.68% increase), 赤峰黄金 (3.81% increase), and 山东黄金 (3.66% increase) [1] - As of the end of October, the central bank's gold reserves reached 74.09 million ounces, an increase of 30,000 ounces from the end of September, marking the 12th consecutive month of accumulation [1] - UBS reported that central bank gold purchases totaled 634 tons by the end of the third quarter, slightly lower than the same period last year, but showing signs of recovery in the fourth quarter, aligning with their forecast of 900 to 950 tons for the entire year of 2025 [1] Group 2 - According to 中金公司, gold is expected to maintain its upward trend next year, with structural and cyclical opportunities likely to resonate [1] - The trend of de-globalization and strategic security demands may continue to support the accumulation of gold reserves by central banks in emerging markets, with higher requirements for physical gold inventory construction in regional markets by 2025 [1] - Economic growth pressures in the U.S. may persist into the first half of next year, with the Federal Reserve having restarted interest rate cuts in September and potentially ending balance sheet reduction by year-end, suggesting a continuation of the liquidity easing cycle [1]