Core Viewpoint - The company has mutually terminated the subscription agreement for the Naga 3 project in Cambodia due to changes in the external macroeconomic environment since the agreement was signed in April 2019 [1][2]. Group 1: Termination of Subscription Agreement - 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]. - Both parties have waived any potential claims, lawsuits, or liabilities related to the subscription agreement, ensuring a clean break [2]. Group 2: Financial Implications - The company has forfeited the total cash deposit of $316 million paid by the subscriber, which will be accounted for in the company's reserves, and there is no obligation to issue any settlement shares for this amount [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 3: Future Plans for Naga 3 - 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].
金界控股仍计划继续开展Naga 3项目