Timeless Resources Holdings Limited (TIMELESS) announced that its 90.1%-owned subsidiary, Silver Times Limited, has entered into a placing agreement with Eddid Securities and Futures Limited on 23 March 2026 to issue up to 40,000 silver-backed digital tokens (Silver Tokens).

Key Terms • Placing size: up to 40,000 Silver Tokens, each backed by 1 troy ounce of physical silver. • Pricing: pegged to the LBMA silver price on the business day immediately preceding completion. • Front-end fees: 1% of total placing price, payable by placees to Silver Times via the placing agent. • Commission: 1% on the portion of aggregate placing proceeds exceeding HK$25.00 million. • Completion deadline: on or before 31 March 2026, subject to fulfilment of conditions including execution of a trust deed and transfer of the underlying silver to the trustee.

Financial Impact Assuming full placement and based on the prevailing LBMA price prior to the announcement date: • Expected net proceeds: approximately HK$22.58 million, earmarked as working capital for the Group’s precious-metal sales operations. • Original cost of underlying silver: about HK$14.29 million. • Estimated gain on placement: roughly HK$8.29 million; final figures will depend on the actual completion price and are subject to audit.

Strategic Rationale Management views blockchain-based tokenisation as a means to digitalise traditional precious-metal transactions, enhance market reach and strengthen competitiveness in the precious-metal segment.

Risk Factors The placing remains conditional on regulatory clearances, settlement of physical silver into trust, and absence of material adverse events. Eddid Securities may terminate the agreement before noon on the completion date under specified adverse circumstances.

Shareholders and potential investors are reminded that the transaction may or may not proceed and should exercise caution when dealing in TIMELESS shares.