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Zhekuang Co., Ltd.: Termination of the acquisition of Alaigyr company's equity

MarsBitNews
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Mars Finance News, June 8 — Zhejiang Mineral Co., Ltd. announced that its controlling subsidiary, Hainan Changxing, sent a "Termination Letter of the Agreement" to Tau Ken Samruk National Mining Company Joint Stock Company (referred to as "TKS Company"), deciding to terminate the acquisition of Alaigyr Company's equity. TKS Company notified Hainan Changxing in late April 2026 of the risk of revocation of two exploration permits (both of which are part of the core assets of the trading entity), as well as the potential additional legal obligations that may be required to prevent the revocation of the relevant exploration permits. As of now, the two parties have not reached an agreement on the additional conditions involved in the above-mentioned new matters, so the conditions precedent listed in the "Equity Sale and Purchase Agreement" have not been fully completed by the agreed-upon closing date or earlier. Based on the above circumstances, Hainan Changxing, after comprehensive consideration of various risks, has decided to terminate this equity acquisition. (Company Announcement)
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