DRAGON MINING (01712) intends to acquire APAC RESOURCES (01104) with a premium of approximately 4.27% and resume trading on April 2nd.

DRAGON MINING (01712), APAC RESOURCES (01104) and the offeror, ALLIED PROPERTIES RESOURCES LIMITED jointly announced that VGI Securities will represent the offeror and propose to acquire all the offer shares after the fulfillment of the preconditions, at a price of HK$2.2 per share, representing a premium of approximately 4.27% over the closing price of DRAGON MINING shares of HK$2.11 per share on the last trading day on the Hong Kong Stock Exchange. As of the date of this joint announcement, the offeror and its concert parties hold 47,097,727 shares of DRAGON MINING (including the offeror and Mr. Dew holding 46,877,727 shares of DRAGON MINING shares and 220,000 shares of DRAGON MINING shares), accounting for approximately 29.79% of the total issued shares of DRAGON MINING. As of the date of this joint announcement, there are 158,096,613 shares of DRAGON MINING issued. The offer will also extend to the concert parties of the offeror (i.e. Mr. Dew), therefore, the offer will involve 111,218,886 shares of DRAGON MINING. Based on the total issued shares of DRAGON MINING being 158,096,613 shares, and the offer involving 111,218,886 offer shares at the offer price, and assuming full acceptance of the offer, the total cash amount required for the offer will be HK$244,681,549.20. APAC RESOURCES and DRAGON MINING have applied to the Hong Kong Stock Exchange to resume trading of APAC RESOURCES securities and DRAGON MINING shares on the Exchange from 2 April 2025 at 9:00 am. It is understood that the offeror is an indirect wholly-owned subsidiary of APAC RESOURCES (01104), primarily engaged in investment holding business.