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]