Timeless Resources says token placing is disposal of silver trust interest under HKFRS 10

• Timeless Resources issued a clarification on its silver token placing, recasting it as a disposal of its interest in a consolidated trust under HKFRS 10.
• Silver Tokens were defined as tokens representing blocks of 1,000 trust units, each tied to beneficial interests in 1 troy ounce of silver.
• Net proceeds were about HK$ 16.01 million; the disposal generated a gain of about HK$ 5.63 million in fiscal 2026.
• Consideration totaled HK$ 17.61 million versus HK$ 11.98 million carrying value of trust-held silver inventories; the trust was deconsolidated on completion.
• The disposal was classified as a discloseable transaction under GEM rules; the group cited prior non-compliance with Rule 19.34.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Timeless Resources Holdings Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260731-12264115), on July 31, 2026, and is solely responsible for the information contained therein.