HK Stock Market Move | CHI KINGSTONE (01380) once surged over 47%, plans to expand the production capacity of the Zhangjiaba mine and actively resume mining operations.

CHI KINGSTONE (01380) once surged over 47%, and as of press time, rose 30.95% to HK$0.275, with a turnover of HK$362,500. On the news front, CHI KINGSTONE recently issued an announcement regarding the company's interim report for the six months ended June 30, 2026. In the report, the company disclosed that limestone mining at the Zhangjiaba mine (a beige marble mine located in Zhenjiang Village, Xiangshui Township, Jiangyou City, Sichuan Province, China) had been temporarily deferred pending renewal of the mining license. After the mining license for the Zhangjiaba mine was successfully renewed on August 10, 2026, the group has been actively resuming mining operations and advancing its strategic plan to expand the production capacity of the Zhangjiaba mine. To facilitate this expansion, the group has commenced relevant preliminary preparations with the Sichuan Provincial Emergency Management Department, and the relevant application was submitted on October 30, 2026. The group currently expects to obtain approval of the updated safety facility design by the end of January 2027. Upon obtaining approval of the design, the group will commence construction of the 3.5 million tonne expansion project, with an expected construction period of approximately 3 to 4 months. The board of directors believes that implementing the capacity expansion plan will be beneficial to the long-term development of the Zhangjiaba mine.