Kiri Industries Ltd

Kiri Industries Subsidiary Assigns $9.76M Loan for Copper Project ⚒️

- Equinaire Holdings Limited (Kiri Industries' subsidiary) executed an Assignment Agreement with Maharlika Investment Corporation

- Assignment involves a loan worth USD 9,764,090.63 (outstanding as of April 27, 2026) extended to Makilala Mining Company

- Loan is related to the Maalinao-Caigutan-Biyog (MCB) Copper-Gold Project in Pasil, Kalinga, Philippines

- Includes all associated rights, title, interests, and underlying securities of the loan

- Payment terms: Upfront deposit of USD 5,000,000, with balance payable on closing date

- Closing expected within 7 business days after 60 days from April 27, 2026

- Transaction expected to secure preferential copper ore/concentrate supply for Indo Asia Copper Limited's upcoming facility

- No impact on management or control of Kiri Industries Limited

- Not a related party transaction