Group 1 - The core announcement is that Jiaxin International Resources (03858) will be included in the Hang Seng Composite Index, with changes effective from March 9, 2026 [1] - The inclusion is based on meeting criteria such as market capitalization, liquidity, and listing duration, which may also lead to its eligibility for the Stock Connect program [1] - Jiaxin International Resources anticipates a turnaround from a loss of HKD 173 million for the year ending December 31, 2024, to a profit of approximately HKD 300 million to HKD 340 million for the year ending December 31, 2025 [1] Group 2 - The expected profit turnaround is attributed to the fact that the group did not generate any revenue in 2024 as it had not commenced operations [1] - Commercial production is set to begin in April 2025, marking the start of revenue generation and the transition to profitability [1]

Core Viewpoint - The Hang Seng Index Company announced the quarterly review results for the Hang Seng Index series, with Jiaxin International Resources (03858) being included in the Hang Seng Composite Index, effective from March 9, 2026 [1] Group 1: Company Performance - Jiaxin International Resources is expected to turn a loss into a profit, projecting a net profit attributable to shareholders of approximately HKD 300 million to HKD 340 million for the year ending December 31, 2025, compared to a net loss of HKD 173 million for the year ending December 31, 2024 [1] - The anticipated turnaround is primarily due to the group not generating any revenue in 2024 as it had not commenced operations, leading to the reported loss [1] Group 2: Market Impact - The inclusion of Jiaxin International Resources in the Hang Seng Composite Index may lead to its potential addition to the Stock Connect program, as it meets various criteria including market capitalization, liquidity, and listing duration [1] - The adjustments to the eligible stocks for the Hong Kong Stock Connect will be made accordingly by the Shanghai and Shenzhen stock exchanges [1]

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） 附註： 為佳鑫國際資源投資有限公司（「本公司」）已發行股本中的股份（「股份」）共 股 之登記持有人，茲委任本公司股東特別大會（「大會」）主席或（如彼未能出任） （附註3） （附註2） 地址為 作為本人╱吾等之受委代表，代表本人╱吾等出席謹訂於2026年3月9日（星期一）上午十時三十分假座香港灣仔港 灣道1號會展廣場辦公大樓45樓4501室舉行之大會（或其任何續會），按下列指示以本人╱吾等之名義代本人╱吾等 就召開大會的通告所載之決議案投票；倘無作出指示，則由本人╱吾等之受委代表酌情投票。本人╱吾等之受委代 表亦有權就於大會上正式提出之任何事項酌情投票。 | | 普通決議案 | （附註4） 贊成 | （附註4） 反對 | | --- | --- | --- | --- | | 1. | 考慮並酌情批准中國土木工程集團有限公司哈薩克斯坦分公司與 | | | | | Zhetisu Volframy LLP訂立的日期為2026年1月6日的 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本通告的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示概不會就本通告全部或任何部分內容而產生或因倚賴該等內容而引致的任何 損失承擔任何責任。 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） 董事會主席兼執行董事 劉力強先生 香港，2026年2月12日 香港的註冊辦事處、總部及主要營業地點 香港 灣仔 港灣道1號 會展廣場辦公大樓 45樓4501室 – 1 – 附註： 股東特別大會通告 茲通告佳鑫國際資源投資有限公司（「本公司」）將於2026年3月9日（星期一）上 午十時三十分 於香港灣仔港灣道1號會展廣場辦公大樓45樓4501室舉行股東特別大會 （「股東特別大會」），以考慮及酌情通過以下決議案為本公司普通決議案： 1. 考慮並酌情批准中國土木工程集團有限公司哈薩克斯坦分公司與Zhetisu Volframy LLP訂立的日期為2026年1月6日的採礦服務採購協議（「採礦服務 採購協議」）及日期為2026年1月6日的 ...

此乃要件 請即處理 閣下如對本通函任何方面或應採取之行動有任何疑問，應諮詢股票經紀或其他註冊證券交易商、銀行經 理、律師、專業會計師或其他專業顧問。 閣下如已出售或轉讓名下之佳鑫國際資源投資有限公司全部股份，應立即將本通函及隨附之代表委任表格 送交買主或承讓人，或送交經手買賣或轉讓之銀行、股票經紀或其他代理商，以便轉交買主或承讓人。 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函之內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示概不就因本通函全部或任何部分內容而產生或因倚賴該等內容而引致之任何 損失承擔任何責任。 獨立財務顧問 除另有說明外，本封面頁所用詞彙與本通函所界定者具有相同涵義。 本公司謹訂於2026年3月9日（星期一）上午十時三十分於香港灣仔港灣道1號會展廣場辦公大樓45樓4501 室舉行股東特別大會，大會通告載於本通函第EGM-1至EGM-2頁。 股東特別大會適用的代表委任表格亦隨本通函附奉。股東如欲委任代表出席股東特別大會並於會上投票， 須根據其上印製之指示填妥代表委任表格，並盡快交回本公司之香港證券登記處香港中央證券登記有限公 司，地址為香港灣仔皇后大道東183號合和中 ...

Group 1 - Jaxin International Resources (03858) saw its stock rise over 5%, reaching a new high of HKD 96.85, with a trading volume of HKD 164 million [1] - The company announced an expected net profit attributable to equity holders of approximately HKD 300 million to HKD 340 million for 2025, marking a turnaround from a loss in the previous year [1] - The anticipated profit is attributed to the commencement of commercial production in April 2025, which will generate revenue after a year of no operations [1] Group 2 - Recent price adjustments in tungsten long-term contracts have been reported, with a specific tungsten enterprise in Chongyi increasing the procurement price of 55% tungsten concentrate by HKD 14,700 per standard ton to HKD 669,000 to HKD 670,000 per standard ton [1] - The APT price has also been raised by HKD 30,000, now executing at HKD 970,000 per standard ton, indicating a significant market reaction [1] - Zhongyou Securities predicts that tungsten prices will maintain a strong trend in the short term, with attention on future tungsten mine indicators and recycled tungsten policy changes [1]

Group 1 - The core viewpoint of the article highlights that Jiaxin International Resources (03858) has seen its stock price rise over 5%, reaching a new high of 96.85 HKD, with a current trading price of 96.05 HKD and a transaction volume of 164 million HKD [1] - The company anticipates a net profit attributable to equity holders of approximately 300 million to 340 million HKD for 2025, marking a turnaround from a loss in the previous year due to no operational revenue in 2024 [1] - Commercial production is set to commence in April 2025, which is expected to lead to the first recorded revenue and a return to profitability [1] Group 2 - Tungsten prices have seen significant increases, with a specific tungsten enterprise in Chongyi raising its long-term procurement price for 55% tungsten concentrate by 147,000 HKD per standard ton to a range of 669,000 to 670,000 HKD per standard ton, and APT prices increasing by 300,000 HKD to 970,000 HKD per standard ton [1] - China Postal Securities forecasts that tungsten prices will maintain a strong trend in the short term, with attention on future tungsten mine indicators and changes in recycled tungsten policies [1]

Group 1 - The Hang Seng Index rose by 0.43%, gaining 116 points to close at 27,299 points, while the Hang Seng Tech Index increased by 1.10% [1] - Xiaomi Group-W (01810) saw a rise of over 4%, with the new generation SU7 expected to launch in April [1] - The first-day listing of Xian Dao Intelligent (00470) increased by 0.44%, while fishing company Lexin Outdoor (02720) surged by 33% on its second day of trading [1] - The Kintor Group (00148) and Kintor Laminates (01888) experienced gains of 5% and 14% respectively, driven by expected high growth in copper-clad laminate performance by 2025 [1] - The precious metals sector saw gains, with Wan Guo Gold Group (03939) rising over 9% to reach a new high, benefiting from increased gold prices [1] - Tungsten prices continued to rise, with tungsten oxide increasing by 20,000 yuan per ton and ammonium paratungstate rising by 10,000 yuan per ton, leading to a surge of over 12% for Jiaxin International Resources (03858) [1] - China Duty Free Group (01880) rose over 5% following a strong start to the Spring Festival travel season for duty-free shopping in Hainan [1] Group 2 - Gilead Sciences-B (01672) increased by over 6%, with plans to submit an IND for ASC36 oral tablets for obesity treatment to the FDA in the second quarter [2] - Jinli Permanent Magnet (06680) rose over 7% as rare earth prices continue to climb, with institutions predicting a dual increase in valuation and performance for the sector [3] - Mongol Mining (00975) surged over 11% as its BKH gold mine ramped up production and dividend restrictions were gradually lifted [4] - Semiconductor Manufacturing International Corporation (00981) fell by 3.63% post-earnings, with Goldman Sachs indicating that its first-quarter gross margin guidance was below expectations [5] - Health 160 (02656) plummeted by 33%, retracting most of its gains for the year, with its total market value briefly falling below 20 billion HKD [6]

Group 1 - The core viewpoint of the article highlights that Jiaxin International Resources (03858) has seen a significant stock price increase of nearly 7%, currently trading at 88.4 HKD, with a transaction volume of 87.2766 million HKD [1] - The company anticipates a net profit attributable to equity holders of approximately 300 million to 340 million HKD for 2025, marking a turnaround from a loss to profit [1] - The expected turnaround to profitability is attributed to the fact that the group will not commence operations until 2024, resulting in losses without any revenue during that period [1] Group 2 - Recent reports indicate that the price of black tungsten concentrate has risen by 25.19% to 671,000 RMB per ton, while the price of ammonium paratungstate has increased by 24.68% to 985,000 RMB per ton [1] - On the supply side, stricter safety and environmental controls in mines have led to a noticeable decline in production and shipments as the year-end approaches, resulting in a temporary tightening of tungsten supply [1] - On the demand side, domestic demand remains stable, primarily driven by essential procurement, with a positive outlook for PCB tool demand [1]

Group 1 - The core viewpoint of the article is that Jiaxin International Resources (03858) is expected to turn a profit in 2025, with a projected net profit attributable to shareholders of approximately HKD 300 million to HKD 340 million, reversing from a loss in the previous year [1] - The company anticipates that it will not generate any revenue in 2024, leading to losses, but will commence commercial production in April 2025, marking the start of profit generation [1] - The stock price of Jiaxin International Resources has increased by nearly 7%, with a current price of HKD 88.4 and a trading volume of HKD 87.2766 million [1] Group 2 - Recent reports indicate that the price of black tungsten concentrate has risen by 25.19% to RMB 671,000 per ton, while the price of ammonium paratungstate has increased by 24.68% to RMB 985,000 per ton [1] - Supply-side factors include stricter safety and environmental controls in mines, leading to a noticeable decline in production and shipments as the year-end approaches [1] - On the demand side, domestic demand remains stable, primarily driven by essential purchases, with a positive outlook for PCB tool demand [1]