Kiri Industries Subsidiary Acquires 40% Stake in Makilala Mining

Kiri Industries Ltd's wholly-owned subsidiary, Equinaire Holdings Limited (EHL), has successfully acquired 20,000,000 shares in Makilala Mining Company, Inc. (MMCI), representing 40% of its outstanding capital stock. The acquisition was made through a public auction conducted on September 8, 2026, as part of EHL's enforcement of security rights under an Omnibus Loan and Security Agreement. The total consideration for the acquisition was USD 5,010,000.00. MMCI is involved in developing the Maalinao-Caigutan-Biyog copper-gold project in the Philippines. This acquisition aligns with Kiri Industries' strategy to secure long-term copper concentrate supply for its upcoming greenfield copper project.