Jiaxin International Resources Investment Limited 佳鑫國際資源投資有限公司 （於香港註冊成立的有限公司） （股份代號：3858） 薪酬委員會－職權範圍 5.1 薪酬委員會的主席或（如其缺席）薪酬委員會的另一名成員（必須為獨立 非執行董事）須出席本公司股東週年大會，並回應股東就薪酬委員會的 活動及其責任作出的提問。 6. 責任及權力 薪酬委員會須具有下列責任及權力： 1. 成員 2. 秘書 3. 會議 1 1.1 本公司薪酬委員會（「薪酬委員會」）須由本公司董事會（「董事會」）設立， 且大部分成員應為獨立非執行董事。 1.2 薪酬委員會的主席須由董事會委任，並須為獨立非執行董事。 1.3 薪酬委員會成員的委任年期須由董事會於委任之日決定。 2.1 薪酬委員會的秘書須由本公司的公司秘書擔任。 2.2 薪酬委員會可不時委任其他任何具備合適資格及經驗的人士為薪酬委員 會的秘書。 3.1 薪酬委員會每年最少須舉行一次會議。 3.2 任何會議舉行之前須作出適當通知，除非薪酬委員會全體成員一致通過 豁免該通知。不論所作出的通知期，薪酬委員會成員出席會議將被視為 成員豁免所需 ...

Jiaxin International Resources Investment Limited 佳鑫國際資源投資有限公司 （於香港註冊成立的有限公司） （股份代號：3858） 審核委員會－職權範圍 1. 成員 2. 秘書 1 1.1 本公司審核委員會（「審核委員會」）須由本公司董事會（「董事會」）設立， 且須由最少三名成員組成。 1.2 審核委員會成員須全部由非執行董事組成。大部分審核委員會成員須為 本公司獨立非執行董事，且其中至少一名成員須為具備合適專業資格或 會計或相關財務管理專長的獨立非執行董事。 1.3 審核委員會須獨立非執行董事擔任主席並由董事會委任。 1.4 倘審核委員會包含非執行董事，則本公司現有審計公司的前合夥人於(a) 不再為該公司合夥人之日；或(b)不再享有於該公司任何財務利益之日。 （以日期較後者為準）起計兩年期間內，不得出任審核委員會成員。 1.5 審核委員會成員的委任年期須由董事會於委任之日決定。 5. 股東週年大會 5.1 審核委員會的主席或（如其缺席）審核委員會的另一名成員（必須為獨立 非執行董事）須出席本公司股東週年大會，並回應股東就審核委員會的 活動及責任作出的提問。 6 ...

JIAXIN INTERNATIONAL RESOURCES INVESTMENT LIMITED 佳鑫國際資源投資有限公司 （於香港註冊成立的有限公司） 之 經修訂及重列組織章程細則 （經日期為2025年8月15日的特別決議案採納， 自招股章程（定義見本章程細則） （連同其他所需文件）送呈香港公司註冊處處長之日起生效） i | 序言 | 1 | | --- | --- | | 釋義 | 1 | | 名稱 | 4 | | 辦事處 | 4 | | 股東責任 | 4 | | 股本 | 4 | | 股份聯名持有人 | 6 | | 股東名冊及股票 | 6 | | 留置權 | 7 | | 催繳股款 | 8 | | 沒收 | 9 | | 股份轉讓 | 11 | | 股份的傳轉 | 12 | | 變更股本 | 13 | | 購買自身股份及認股權證 | 15 | | 股東大會 | 15 | | 股東大會通知 | 15 | | 股東大會法定人數 | 16 | | 股東大會的議事程序 | 16 | | 表決 | 17 | | 股東表決 | 18 | | 代表 | 19 | | 由代表行事的法團 | 20 | | 管理層委任 | ...

Group 1 - The core viewpoint of the news is that Jiaxin International Resources (03858) has successfully completed its IPO subscription, raising significant interest with a subscription amount of HKD 144 billion, leading to an oversubscription of nearly 1200 times [1] - The company plans to issue 110 million shares, with 10% allocated for public offering at a price of HKD 10.92 per share, aiming to raise approximately HKD 1.2 billion [1] - Jiaxin International Resources is focused on developing the Bakuta tungsten mine project in Kazakhstan, which is projected to be one of the largest tungsten ore resources globally by December 31, 2024 [1] Group 2 - Financial data indicates that the company has incurred net losses of HKD 94.5 million, HKD 80.1 million, HKD 177 million, and HKD 7 million for the years ending December 31, 2022, 2023, 2024, and the six months ending June 30, 2025, respectively [2] - The Bakuta tungsten mine project is expected to commence its first phase of commercial production in April 2025, with a targeted mining and mineral processing capacity of 3.3 million tons of tungsten ore for that year [1][2]

Group 1 - The core viewpoint of the news is that Jaxin International Resources (03858) has successfully completed its IPO subscription, achieving a subscription amount of HKD 144 billion, which is nearly 1200 times oversubscribed compared to the public offering amount of HKD 1.2 billion [1] - Jaxin International Resources plans to issue 110 million shares, with 10% allocated for public offering at a price of HKD 10.92 per share, aiming to raise approximately HKD 1.2 billion [1] - The company is based in Kazakhstan and focuses on the development of the Bakuta tungsten mine project, which is projected to be one of the largest tungsten ore resources globally by December 31, 2024 [1] Group 2 - Financial data indicates that the company incurred net losses of HKD 94.5 million, HKD 80.1 million, HKD 177 million, and HKD 7 million for the years ending December 31, 2022, 2023, 2024, and the six months ending June 30, 2025, respectively [2] - The Bakuta tungsten mine project is set to commence its first phase of commercial production in April 2025, with a targeted annual mining and mineral processing capacity of 3.3 million tons of tungsten ore for that year [1][2]

智通财经APP获悉，佳鑫国际资源(03858)正在招股中。截止8月22日，辉立、富途、信诚等券商合计为 佳鑫国际资源借出146.8435亿港元，超购逾121倍。 （原标题：新股孖展统计 | 8月22日） ...

Investment Rating - The report assigns a positive investment rating, suggesting subscription to the IPO based on the anticipated demand and market conditions [10]. Core Insights - Jaxin International (3858.HK) is a tungsten mining company focused on the Bakuta tungsten mine in Kazakhstan, which is one of the largest tungsten resources globally [1][3]. - The company plans to dual-list on the Hong Kong Stock Exchange and the Astana International Exchange [1]. - The Bakuta project is expected to commence commercial production in April 2025, with a target mining and processing capacity of 3.3 million tons of tungsten ore in 2025, and an anticipated increase to 4.95 million tons per year by Q1 2027 [1]. Company Overview - Jaxin International is primarily engaged in the development of the Bakuta tungsten mine, which is noted for its significant tungsten oxide (WO3) resources [1]. - The company has established sales agreements for white tungsten concentrate with Jiangxi Copper and Jiangxi Tungsten for 2025 and 2026 [1]. Financial Performance - The company is projected to have no revenue before 2025, with an expected revenue of HKD 126 million by June 2025 [2]. - The net losses for the years 2022, 2023, and 2024 are reported at HKD 93.661 million, HKD 78.92 million, and HKD 172.97 million respectively, with a reduced loss of HKD 5.996 million by June 2025 [2]. Industry Status and Outlook - China is the largest tungsten resource country, holding over 50% of global reserves, but its tungsten production has decreased from 69,000 tons in 2019 to 67,000 tons in 2024 [3]. - The demand for tungsten is increasing in various sectors, with consumption rising from 47,300 tons in 2019 to 55,300 tons in 2024, and projected to reach 65,500 tons by 2029 [3]. Advantages and Opportunities - The Bakuta tungsten mine is strategically located and benefits from the Belt and Road Initiative, enhancing its market potential [4]. - The company has a strong management team with valuable industry experience, which supports its growth and expansion [4]. Use of Proceeds - Approximately 55% of the net proceeds (HKD 598.3 million) will be allocated to the development of the Bakuta project, with 10% for ammonium paratungstate (APT) capacity development, and 25% for repaying bank loans [6]. IPO Details - The IPO is set to launch on August 28, 2025, with an issue price of HKD 10.92 and a total fundraising amount of HKD 1.199 billion [8]. - The post-IPO market capitalization is estimated at HKD 47.96 billion [8].

Group 1 - Double登股份 (06960) and Jiaxin International Resources (03858) are currently in the process of public offering [1] - As of August 20, brokers including Futu, Huatai, and Xincheng have collectively lent HKD 165.4042 billion for Double登股份, resulting in an oversubscription of over 1944 times [1][2] - For Jiaxin International Resources, brokers have lent a total of HKD 15.5319 billion, leading to an oversubscription of over 11.9 times [1][2] Group 2 - The total amount raised for Double登股份 is HKD 0.85 billion, while Jiaxin International Resources has raised HKD 1.20 billion [2] - The breakdown of the lending amounts for Double登股份 includes HKD 753.90 million from Futu and HKD 455.00 million from Huatai, among others [2] - For Jiaxin International Resources, the largest contributions come from Futu with HKD 6.77 million and Huatai with HKD 1.07 million [2]

Group 1 - The company, Jaxin International Resources, plans to conduct an initial public offering (IPO) from August 20 to August 25, 2025, aiming to globally offer 110 million shares at a price of HKD 10.92 per share, with approximately 10% allocated for Hong Kong and 90% for international sales [1] - The company is based in Kazakhstan and focuses on developing the Bakuta tungsten mine project, which is reported to be the largest open-pit tungsten mine in terms of tungsten trioxide (WO3) resources globally as of December 31, 2024 [1][4] - The Bakuta tungsten mine is also noted as the fourth largest WO3 resource mine globally, with the largest designed tungsten production capacity in a single mine [1] Group 2 - The company has entered cornerstone investment agreements with several investors, including China Cinda (Hong Kong) Asset Management and others, agreeing to purchase shares worth approximately USD 7.638 million, translating to about 54.9 million shares at the IPO price [2] - The estimated net proceeds from the global offering, after deducting underwriting fees and expenses, are expected to be around HKD 1.088 billion, with 55% allocated for capital costs related to the Bakuta tungsten mine project [3] - The company reported net losses of HKD 94.5 million, HKD 80.1 million, HKD 177 million, and HKD 7 million for the years ending December 31, 2022, 2023, 2024, and the six months ending June 30, 2025, respectively, indicating a focus on preparing for commercial production [4]

佳鑫國際資源投資有限公司 Jiaxin International Resources Investment Limited 股份代號：3858 （於香港註冊成立的有限公司） 全球發售 獨家保薦人、獨家代表及獨家保薦人兼整體協調人 整體協調人、聯席全球協調人、聯席賬簿管理人及聯席牽頭經辦人 Jiaxin International Resources Investment Limited 佳鑫國際資源投資有限公司 重要提示 獨家保薦人、獨家代表及獨家保薦人兼整體協調人 整體協調人、聯席全球協調人、 聯席賬簿管理人及聯席牽頭經辦人 重要提示：閣下如對本招股章程任何內容有任何疑問，應諮詢獨立專業意見。 Jiaxin International Resources Investment Limited 佳鑫國際資源投資有限公司 （於香港註冊成立的有限公司） 全球發售 全球發售項下的發售股份數目 ： 109,808,800股股份（視乎超額配股權行使與否而定） 香港發售股份數目 ： 10,981,200股股份（可予重新分配） 國際發售股份數目 ： 98,827,600股股份（可予重新分配及視乎超額配股 權行使與否而定） ...