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SPACE KINGDOM SIGNS LETTER OF INTENT TO ACQUIRE SUPCHALERNPHUNMAI MINING

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2 years ago

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TSXV: YSK.P

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, BC, Sept. 26, 2024 /CNW/ – Space Kingdom Digital Capital Corp. (the “Company”), a capital pool company (“CPC”) listed on the TSX Venture Exchange Inc. (the “TSXV”), is pleased to announce that it has entered into a non-binding letter of intent dated September 25, 2024 (the “Letter of Intent”) with Supchalernphunmai Mining Sole Co., Ltd (“Supcha Mining”), an arm’s length mining company incorporated in Laos. Supcha Mining currently holds mining and processing licenses in connection with the Supchalernphunmai Mine located in the Houaphanh Province of eastern Laos.

The Letter of Intent sets forth the basic terms and conditions upon which the Company and Supcha Mining  will combine their business operations resulting in a reverse takeover of the Company by Supcha Mining  and its shareholders (the “Proposed Transaction”), which is intended to constitute the Company’s “Qualifying Transaction”, as such term is defined in the TSXV Policy 2.4 – Capital Pool Companies (“Policy 2.4”), resulting in the combination of the Company and Supcha Mining (the “Resulting Issuer”). Upon completion of the Proposed Transaction, and subject to receipt of all requisite approvals, it is anticipated that the Resulting Issuer’s common shares (the “Resulting Issuer Shares”) will be listed and posted for trading on the TSXV as a Tier 2 Mining Issuer and will carry on the business of Supcha Mining.

Pursuant to the Proposed Transaction, the Company, or a subsidiary thereof, is proposing to acquire all of the issued and outstanding common shares of Supcha Mining, in exchange for common shares of the Company, at an exchange ratio to be determined upon the completion of further legal, financial, and operational due diligence.

About the Supcha Mining

Supcha Mining is a company incorporated in Laos and holds mining and processing licenses in connection with the Supchalernphunmai Mine located in the Houaphanh Province of eastern Laos. The production process of Supcha Mining involves all aspects of the mining value chain, from exploration, planning and building, mining the mineral, processing and blending, and finally shipping and selling the material to various countries. Supcha Mining aims to utilize efficient mining and processing techniques that enable low cost of production while seeking to maintain internationally recognised standards for safety and environmental management.

The Transaction

The acceptance of the Letter of Intent is being followed by good faith negotiations of definitive documentation‎ (the “Definitive Agreement”), among the parties setting forth the detailed terms of the Proposed Transaction, including market valuation which shall be used to determine the final percentages of the issued and outstanding Resulting Issuer Shares that will be represented by shareholders of Space Kingdom and Supcha Mining,‎ at the closing of the Transaction. The Definitive Agreement will replace the Letter of Intent and will include the basic understandings set out in the Letter of Intent and such other terms and conditions as are customary for transactions of similar nature and magnitude of the Proposed Transaction. The Proposed Transaction is intended to proceed by way of three-cornered amalgamation or such other transaction structure ‎as the parties may determine after receipt by the parties of such ‎tax, corporate and securities law advice ‎as each party may receive from their respective advisors. Additional information respecting the structure and valuation will be provided in subsequent press releases, once available.

The Proposed Transaction is not anticipated to be a “Non-Arm’s Length Qualifying Transaction”, as that term is defined in Policy 2.4 and consequently, it is expected that the Proposed Transaction will not be subject to approval by the Company’s shareholders. 

The shares of the Resulting Issuer issued to Principals (within the meaning of the TSXV’s policies) of the Resulting Issuer will be subject to escrow restrictions in accordance with the TSXV’s policies. In addition, the shares of the Resulting Issuer issued to other shareholders of Supcha Mining may be subject to resale restrictions as required by the TSXV’s policies.

Closing of the Proposed Transaction is subject to a number of conditions including but not limited to satisfactory due diligence investigations, the negotiation and execution of the Definitive Agreement, receipt of all required shareholder, regulatory and third-party approvals and consents, including that of the TSXV, and satisfaction of other customary closing conditions, as well as completion of the Concurrent Financing (discussed below). The Proposed Transaction cannot close until the required approvals are obtained. There can be no assurance that the Proposed Transaction will be completed as proposed or at all.

Concurrent Financing

The Proposed Transaction is subject to completion of a private placement financing (the “Concurrent Financing”) for aggregate gross proceeds of such amount as required in order to meet the listing requirements under the policies of TSXV. The securities issued pursuant to the Concurrent Financing will be immediately exchanged on closing of the Transaction for shares of the Resulting Issuer at the exchange ratio as may be mutually agreed upon between the Company and Supcha Mining. The final terms as to the structure of the Concurrent Financing and any commission and/or finder’s fees are subject to the final agreement between the Company and Supcha Mining and will be provided in subsequent news releases.

Sponsorship

The Proposed Transaction is subject to the sponsorship requirements of the TSXV unless a waiver from those requirements is granted. The Company intends to apply for a waiver from the sponsorship requirements; however, there can be no assurance that a waiver will be obtained. If a waiver from the sponsorship requirements is not obtained, a sponsor will be identified at a later date. An agreement to act as sponsor in respect of the Proposed Transaction should not be construed as any assurance with respect to the merits of the Proposed Transaction or the likelihood of its completion. Additional information respecting sponsorship will be provided once available.

Filing Statement

In connection with the Proposed Transaction and pursuant to the requirements of the TSXV, the Company intends to file an information circular/filing statement on its issuer profile on SEDAR+ (www.sedarplus.com), which will contain relevant details regarding the Proposed Transaction, the Company, Supcha Mining, and the Resulting Issuer.

Additional Information

Additional information concerning the Proposed Transaction, Concurrent Financing, finders’ fee or commission, details of any financing arrangement, deposits, advances or loan, as applicable, the Company, Supcha Mining and the Resulting Issuer, including financial information of Supcha Mining and the proposed board and management of the Resulting Issuer, will be provided in subsequent news releases, including at the time of execution of the Definitive Agreement, and, as applicable, in Space Kingdom’s management information circular to be filed in connection with the Transaction, which will be available under Space Kingdom’s SEDAR+ profile at www.sedarplus.ca.

Trading in the common shares of the Company has been halted in connection with the announcement of the Proposed Transaction. The Company expects that trading will remain halted pending closing of the Proposed Transaction, subject to the earlier resumption upon the TSXV’s acceptance of the Proposed Transaction and the filing of required materials in accordance with the policies of the TSXV.

About Space Kingdom Digital Capital Corp.

The Company is designated as a Capital Pool Company under Policy 2.4. The Company has not commenced commercial operations and has no assets other than cash. The purpose of the Offering is to provide the Company with funds to identify and evaluate businesses or assets with a view to completing a Qualifying Transaction (as defined in the policies of the TSXV). Any proposed Qualifying Transaction must be approved by the TSXV and, in the case of a non-arm’s length Qualifying Transaction, must also receive majority approval of the minority shareholders. Until the completion of a Qualifying Transaction, the Company will not carry on any business other than the identification and evaluation of businesses or assets with a view to completing a proposed Qualifying Transaction.

Reader Advisory

Completion of the Proposed Transaction is subject to a number of conditions, including but not limited to TSXV acceptance and if applicable, majority of minority shareholder approval. Where applicable, the Proposed Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Proposed Transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Proposed Transaction, any information released or received with respect to the Proposed Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative. The TSXV has not in any way passed upon the merits of the Proposed Transaction and has neither approved nor disapproved the contents of this press release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This news release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words ‎‎”anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “predict”, “potential” and similar ‎expressions are intended to identify forward looking statements. Although the Company believes that the expectations and assumptions ‎on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking ‎statements because the Company cannot give any assurance that they will prove correct. Since forward-looking statements address ‎future events and conditions, they involve inherent assumptions, risks and uncertainties. Forward looking statements in this news ‎release include statements regarding the Letter of Intent and the extent to which such terms will be reflected ‘as is’ in the Definitive Agreement; ‎the Definitive Agreement, including the final terms to be included therein and the timing of signing such ‎agreement, if it is to occur at all, the Proposed Transaction, including the intended structure thereof, the relative ownership of the Resulting Issuer as between the Company and Supcha Mining, its status as a Non-Arm’s Length Qualifying Transaction,” and the success or commercial viability of the ‎Resulting Issuer on the completion thereof, if such Proposed Transaction is to complete at all; the name change; TSXV Sponsorship, and the Company’s ability to obtain a waiver to the requirement to obtain; the Filing Statement, including the contents and timing of filing; the Concurrent Financing and the effect this may have on the ownership structure of the Resulting Issuer, the payment of ‎any finders’ fees or commissions, and the timing of closing, if it is to close at all; and the trading halt, including the lifting thereof.‎

The forward-looking statements are based on current expectations, assumptions, estimates, forecasts, projections, analysis and opinions ‎of management made considering its experience and its perception of trends, current conditions and expected developments, as well as ‎other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but ‎which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking statements contained in this ‎news release include, but are not limited to: ‎general business, economic and political conditions; the Company’s ability to successfully ‎execute its plans ‎and intentions in connection with the Qualifying Transaction; and market competition. ‎

The forward-looking statement involves known and unknown risks, uncertainties and other factors that may cause the actual results, ‎performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or ‎implied by the forward-looking information, including, without limitation a downturn in general economic conditions; the speculative nature of the Common Shares; until Completion of the Qualifying Transaction, the Company is not permitted to carry on any business other than the identification and evaluation of potential Qualifying Transactions; the Company has only limited funds with which to identify and evaluate proposed Qualifying Transactions and there can be no assurance that the Company will be able to close the Proposed Transaction; ‎completion of the Qualifying Transaction is subject to a number of conditions including acceptance by the TSXV and, in the case of a “Non Arm’s Length Qualifying Transaction”, “Majority of the Minority Approval” (as such terms are defined in the policies of the TSXV); upon public announcement of the Proposed Transaction, trading in the Common Shares will be halted and will remain halted for an indefinite period of time; and the other risks described in the Company’s publicly filed disclosure‎.‎

Management has provided the above summary of risks and assumptions related to forward-looking statements in this news release in ‎order to provide readers with a more comprehensive perspective on the Company’s future operations. The Company’s actual results, ‎performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, ‎accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if ‎any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this ‎news release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update ‎publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.‎

SOURCE Space Kingdom Digital Capital Corp.

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Faith: The Spark Born by the Yudu Riverside

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6 hours ago

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October 18, 2026

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BEIJING, Oct. 18, 2026 /PRNewswire/ — An interview from China.org.cn with Wang Xiaohui and David Ferguson on the Long March:

David Ferguson:

This is the Yudu River. One dusk in October, 1934, more than 86,000 soldiers of the Red Army crossed this river and embarked on the Long March, a two-year saga that has left its mark in history.

Yet, lingering here by the river, I am struck by a simple question: If you have faith in a bright future, and reality seems to thwart you at every turn, where do you find the moral strength to keep believing?

Wang Xiaohui:

At dusk on Oct. 17, 1934, an army of more than 86,000 troops gathered along the banks of the Yudu River. Over 800 boats of all sizes floated on the water, bound together with planks collected from villagers’ home gates, timber beams, and even coffin boards reserved for elderly locals. The people of Yudu built this pontoon bridge, determined to help the army led by the Communist Party of China (CPC) cross the river.

At that time, no one knew that the great expedition embarked upon by the banks of the Yudu River would go on to transform China and exert far-reaching influence across the world.

China in the 1920s and 1930s was plagued by chaos and despair.

The Kuomintang (KMT), the ruling party back then, was not capable of unifying the nation, leaving warlords locked in endless fighting. In 1931, Japanese invaders launched an assault on northeastern China, beginning their invasion. Crushed under domestic turbulence and foreign aggression, countless civilians were displaced, with many even starving to death on the streets; in certain regions, severe drought resulted in zero harvests, yet the farmers were forced to pay land taxes assessed for more than a decade into the future.

Amid this turmoil, the only glimmer of hope for the Chinese nation was kindled by the revolution ignited by the Communist Party of China.

The CPC, dedicated to winning liberation for the people and national independence, built contingents of workers’ and peasants’ Red Army troops and revolutionary base areas across the countryside. Impoverished farmers were granted land ownership, as well as unprecedented political dignity. On Nov. 7, 1931, the Chinese Soviet Republic was officially proclaimed in Ruijin, then a small village in southeastern China’s Jiangxi Province, establishing a Soviet system under which workers, peasants and soldiers elected representatives to run regional affairs and make policies.

The communist ideal of a fair society free from exploitation and equality for all blazed like a spark in the darkness; it kindled hopes among impoverished Chinese and became the wellspring of faith that enabled the Red Army — a force made up of poor workers and peasants — to overcome all hardships in the days to come.

Yet, bright as the spark was, it burned thin and fragile at times. Could this flame still endure when the ideals it carried were repeatedly battered by harsh reality?

In September 1933, flocks of warplanes clouded the skies over the Red Army’s revolutionary base areas. By then, Japanese invaders were steadily advancing towards North China, but Chiang Kai-shek’s KMT turned a blind eye to the looming national crisis. They mobilized over a million troops and more than 200 aircraft to launch a massive offensive at the Red Army’s base areas. Over the previous three years, Chiang Kai-shek had mounted four major military “encirclement” campaigns aimed at exterminating the Red Army, but all ended in failure. He was desperate for a pivotal victory to restore his prestige and to wipe out the CPC and the Red Army.

At the time, the commander of the Red Army abandoned mobile warfare tactics pioneered by Mao Zedong and other commanders, opting instead for rigid positional warfare involving conventional head-on clashes. But the reality was, some Red Army units didn’t even possess a single light machine gun; how could they confront the heavily-armed KMT army head-on?

Zhong Ming, a Red Army medic, could never erase the memories of gravely wounded soldiers being carried to his aid station. He remembered how a soldier whose chest was blown open begged his comrades to end his life. At the frontline, a whole battalion of Red Army soldiers religiously followed orders to defend crude earth-and-wood bunkers, but under the constant barrage of KMT artillery and airstrikes, every soldier in the battalion laid down their lives; not a single man survived.

What’s more heart-wrenching is that no matter how fearlessly the Red Army fought, the steep imbalance in military strength, paired with erroneous military command led to irreversible losses. By October 1934, the KMT’s iron-clad encirclement closed menacingly around Ruijin.

Faced with this dead-end, what decision would you make?

This stood as the most agonizing decision for the Red Army. The biggest challenge lay not in sacrificing one’s life for an ideal, but in finding a way to keep the revolutionary cause alive.

To stay meant defeat — the Red Army had no room to maneuver within the Central Revolutionary Base Area. To break through the encirclement, however slim the odds, offered a fighting chance. Preserving the Red Army as a living force mattered much more than clinging to isolated strongholds. Where the spark survives, the path ahead remains lit.

The air already turned chilly in October. Units of the Central Red Army assembled in Yudu to prepare for a strategic shift. The plan was kept strictly classified; none of the soldiers knew they were evacuating the base areas, only sensing an unusual vibe.

At dusk on Oct. 17, crowds lined up at the Yudu riverbank. Tens of thousands of villagers flocked from every corner to see the Red Army off. They walked alongside the marching columns, slipping food like eggs and glutinous rice balls into the soldiers’ pockets, praying for their swift homecoming.

The main force of the Central Red Army set off. Within days, they left behind revolutionary base areas where they had survived, grown and taken root. No one anticipated that the journey they embarked on would become the Long March, a trek spanning over 10 provinces. Still less could anyone imagine that this journey would ultimately pave the way for a brand-new China.

Looking back on this chapter of history, many claim that the Red Army only set out on this expedition because the enemies left them no other choice. To a degree, yes, the Long March was indeed a forced strategic shift, yet this fact does nothing to diminish its greatness and glory.

The ordinary Red Army soldiers had no idea how far they would march, or where they were heading. But they clung firmly to their founding mission: to deliver liberation for the people and independence to the nation. This unswerving conviction kept them from disintegrating through countless perils, sustaining them as they marched into the unknown with resolve.

David Ferguson:

I now realize that faith and ideals untested by harsh reality may have no true substance.

Since its founding, the Communist Party of China has always upheld the realization of communism as its fundamental goal. Despite devastating losses and extreme adversity, the Red Army continued to press forward resolutely and never faltered. Its inner strength came from an unshakable belief in the cause, an unwavering commitment to the founding aspiration, and a profound sense of mission. The Red Army was never fleeing pursuers in search of safety; it was marching forward to a future in which it had a steadfast belief.

Wang Xiaohui:

The Long March went on for two years. The Red Army trekked 25,000 li across some of China’s harshest terrain, but they kept their heads high, seeking hope amid despair and marching towards light through unending darkness. The lofty ideals and sense of mission they upheld have also become the torch that guides generations of CPC members in the following centennial, tempering them into steel as they press forward unswervingly toward national rejuvenation.

That spark lit along the Yudu River has never dimmed since.

China Mosaic
http://www.china.org.cn/video/node_7230027.htm

Faith: The Spark Born by the Yudu Riverside
http://www.china.org.cn/2026-10/16/content_118736835.shtml

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SOURCE China.org.cn

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Linktel Technologies Highlights Breakthrough 1.6T LPO Performance & Strong Market Pull at OCP 2026

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7 hours ago

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October 18, 2026

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SAN JOSE, Calif., Oct. 18, 2026 /PRNewswire/ — At the recent 2026 OCP Global Summit, Linktel Technologies showcased its cutting-edge optical interconnect portfolios engineered specifically for next-generation AI computing networks. Among the heavy lineup, Linktel’s 1.6T Linear Pluggable Optics (LPO) solutions commanded immense industry attention, drawing heavy customer interest for their unprecedented energy efficiency, ultra-low latency, and supply-chain resilience.

Spotlight: 1.6T LPO Performance & High Customer Traction

AI data centers face immense scaling pressures, demanding higher bandwidth densities with tighter thermal and power budgets. Linktel’s 1.6T LPO solutions—highlighted by the 1.6T LPO 2DR4—delivered standout performance metrics that captured the spotlight at the summit:

Ultra-Low Power Consumption: Operates with power consumption as low as an impressive 10W, drastically mitigating data center cooling and power loads.Minimal Latency: Features a linear optics architecture that cuts down signal processing delays, making it a critical asset for high-performance AI scale-out fabrics.Enhanced Supply-Chain Resilience: Eliminating the optical DSP mitigates component choke points, ensuring robust scalability for mass deployments.Proven Interoperability: Following its breakthrough performance and multi-switch platform interoperability at the early September 2026 1.6T LPO-MSA Plugfest, Linktel has laid a solid foundation for the 200G-per-wavelength ecosystem.

Surging Market Interest

Throughout OCP 2026, Linktel’s live demonstrations of its 1.6T LPO, LRO, and FRO modules drew crowds of data center architects and industry partners. With volume production already in place, Linktel is fully equipped to meet the exploding market demand for energy-efficient, high-density 1.6T connectivity.

Overview of Other Innovations at OCP 2026

In addition to the heavily requested 1.6T LPO lineup, Linktel showcased two other major high-speed architectural pillars:

12.8T Liquid-Cooled XPO:Featured a live thermal demonstration integrating advanced liquid cooling to guarantee stable operations in high-density AI nodes.As a founding member of the XPO MSA, Linktel is actively scaling XPO series with FRO, LRO, and LPO variants for comprehensive scale-up, scale-out, and scale-across frameworks.6.4T/7.2T NPO Modules:Displayed with covers removed to reveal internal architectural designs supporting both ELS and ILS configurations.Combines compact high density with low power and low latency, backed by an established 6.4T/7.2T NPO roadmap.DMD Technology & Executive Presentation:Linktel Engineer Director Dr. Grace Zhang hosted a heavily attended Executive Session titled “Dispersion Managed Transceiver for Next-Gen AI Fabrics,” detailing cost-effective 800G (20km) and 1.6T (10km) solutions for OCS SuperPOD architectures, as well as the feasibility of 400G per lambda (3km).With its DMD product line already in volume production, Linktel actively calls upon ecosystem partners to join forces in collaborative development. To drive ecosystem maturity, Linktel is open to sharing its U.S.-filed patents, paving the way for industry-wide adoption and advancements in next-gen AI fabrics.

About Linktel Technologies

Linktel Technologies is a global leader in optical transceiver development and manufacturing, supplying high-speed optical I/O connectivity—including pluggable transceivers, optical engines, and ODM/JDM services.

For more information, visit www.linktel.com or follow Linktel Technologies on LinkedIn.

View original content:https://www.prnewswire.com/news-releases/linktel-technologies-highlights-breakthrough-1-6t-lpo-performance–strong-market-pull-at-ocp-2026–302911973.html

SOURCE Linktel Technologies

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Advanced Manufacturing in Focus: Smart Life and Robotics Take the Spotlight at 140th Canton Fair

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8 hours ago

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October 18, 2026

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GUANGZHOU, China, Oct. 18, 2026 /CNW/ — Phase 1 of the 140th Canton Fair, themed “Advanced Manufacturing,” opened on October 15 and will run through October 19. As one of the event’s most closely watched sections, the Consumer Electronics and Information Products zone once again serves as a showcase for the latest achievements in China’s manufacturing and technology industries.

Smart Life Solutions Address an Aging and Globalized Market

A highlight of this section is the focus on smart living, which brings together smart solutions designed to support healthier, safer, and more independent lifestyles.

For example, wearable devices and continuous glucose monitoring systems enable convenient tracking of key health indicators such as heart rate and blood glucose levels. Meanwhile, wearable exoskeletons and other AI-powered devices support mobility training and functional recovery. For home and elderly care, companion robots, electric nursing beds and home-use hyperbaric oxygen chambers, offer a combination of daily care, wellness support and lifestyle assistance. All these solutions highlight a growing shift toward technology-enabled living, where health management, personal care, and independent living are becoming more accessible and connected.

Service Robots Demonstrate Expanding Real-World Applications

The Service Robot Zone remains one of the fair’s most popular attractions in this edition.

Among the crowd favorites is a humanoid robot standing roughly 70–80 centimeters tall. With its expressive movements and playful appearance, the robot draws constant attention as it dances, approaches visitors and occasionally performs flips to the delight of onlookers. Behind the product is a company that has overcome key challenges in compact joint modules and modular humanoid robot development. Its independently developed high-power-density joints deliver remarkable agility and explosive movement, while modular architecture provides flexibility for a wide range of future applications.

More broadly, the Service Robot Zone features exhibits spanning a wide range of application areas, including embodied intelligence, specialized operations, urban services, and smart living. Full-size humanoid robots, dexterous hands with multimodal sensing capabilities and wheeled robots highlight the latest advances in artificial intelligence, perception technologies and motion control. For demanding industrial and emergency environments, exhibitors are presenting robotic inspection systems, live-line maintenance robots and underwater propulsion robots designed to improve safety and operational efficiency.

The commercial services sector is also well represented through reception robots, façade-cleaning robots and fully automated coffee kiosks, while everyday life applications include wearable exoskeletons, robotic lawn mowers and educational robots for home use. Together, these exhibits demonstrate how China’s robotics industry is accelerating its transition from technological innovation to large-scale commercialization.

As the 140th Canton Fair gets underway, the showcased innovations highlight China’s growing strength in advanced manufacturing, turning cutting-edge technologies into practical, market-ready solutions for global customers.

For more convenient attendance, please click here for pre-registration:
https://buyer.cantonfair.org.cn/register/buyer/email?source_type=16

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SOURCE Canton Fair

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