CST Mining : COMPLETION OF PLACING OF NEW SHARES UNDER GENERAL MANDATE (in PDF)

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities of the Company.

(Incorporated in the Cayman Islands with limited liability)

The Board is pleased to announce that all the conditions of the Placing have been fulfilled and the completion of the Placing took place on 12 June 2015 in accordance with the terms and conditions of the Placing Agreement. A total of 5,400,000,000 Placing Shares have been successfully placed by the Placing Agent to not less than six Placees at the Placing Price of HK$0.10 per Placing Share pursuant to the terms and conditions of the Placing.
Reference is made to the announcement of CST Mining Group Limited (the ''Company'') dated
28 May 2015 in respect of the Placing (the ''Announcement''). Unless defined otherwise, capitalized terms used herein shall have the same meanings as those defined in the Announcement.

The Board is pleased to announce that all the conditions of the Placing have been fulfilled and the completion of the Placing took place on 12 June 2015 in accordance with the terms and conditions of the Placing Agreement. A total of 5,400,000,000 Placing Shares have been successfully placed by the Placing Agent to not less than six Placees at the Placing Price of HK$0.10 per Placing Share pursuant to the terms and conditions of the Placing. To the best of the Directors' knowledge, information and belief, having made all reasonable enquiries, the Placees and their ultimate beneficial owner(s) are Independent Third Parties. None of the Placees and their respective associates becomes a substantial shareholder (as defined under the Listing Rules) of the Company upon completion of the Placing.
The net proceeds from the Placing, after deducting the related placing commission, professional fees and all related expenses, is approximately HK$531.80 million which is intended to be used for the Group's existing principal activities and business, funding future potential investments of the Group and general working capital of the Group. The net price raised per Placing Share is approximately HK$0.098 per Share.

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The 5,400,000,000 Placing Shares represent approximately (i) 19.93% of the existing issued share capital of the Company immediately before the completion of the Placing; and (ii) 16.62% of the issued share capital of the Company as enlarged by the allotment and issue of the Placing Shares.

No. of Shares Approximate % No. of Shares Approximate %

Mr. Chiu Tao (Note 1) 3,900,000,000 14.39% 3,900,000,000 12.00%

The Placees 5,400,000,000 16.62% Other public Shareholders 23,198,308,961 85.61%23,198,308,961 71.38%

Notes:

1. Mr. Chiu Tao is the executive Director and Chairman of the Company.

2. The percentages are subject to rounding difference, if any.

By Order of the Board CST Mining Group Limited Chiu Tao

Executive Director and Chairman

Hong Kong, 12 June 2015

As at the date of this announcement, the Board comprises (i) Mr. Chiu Tao (Chairman), Mr. Hui Richard Rui, Mr. Lee Ming Tung, Mr. Kwan Kam Hung, Jimmy, Mr. Yeung Kwok Yu and Mr. Tsui Ching Hung as executive directors of the Company and (ii) Mr. Yu Pan, Ms. Tong So Yuet and Ms. Ma Yin Fan as

independent non-executive directors of the Company.

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