Core Viewpoint - The company has mutually terminated the subscription agreement for the Naga 3 project in Cambodia, concluding that this decision aligns with the best commercial interests of both parties due to changes in the external macroeconomic environment since the agreement was signed in April 2019 [1][2]. Group 1 - The mutual termination agreement was signed on December 15, 2025, which officially ends the subscription agreement and releases both parties from all rights and obligations under it [2]. - The company has forfeited the total cash deposit of $316 million paid by the subscriber as part of the subscription payment, which will be accounted for in the company's reserves [3]. - The board believes that the termination of the subscription agreement will not have any significant adverse impact on the company's existing business or financial condition [3]. Group 2 - Despite the termination of the subscription agreement, the company plans to continue the development of the Naga 3 project and will assess the remaining development plans while exploring other funding channels if necessary [3].
金界控股(03918)仍计划继续开展Naga 3项目