Core Viewpoint - Jiaxin International Resources Investment Co., Ltd. (佳鑫国际资源) successfully listed on the Hong Kong Stock Exchange, with its share price closing at HKD 30.34, representing a significant increase of 177.84% from its final offering price of HKD 10.92 [1][5]. Summary by Relevant Sections Share Offering and Capital Structure - The total number of shares offered globally was 109,808,800, with 10,981,200 shares allocated for public offering in Hong Kong and 98,827,600 shares for international offering [2]. - After the offering, the total number of issued shares (before the exercise of the over-allotment option) was 439,228,800 [2]. Financial Details - The total amount raised from the offering was HKD 1,199.1 million, with estimated listing expenses of HKD 111.4 million, resulting in a net amount of HKD 1,087.7 million [5][7]. - The net proceeds from the global offering will be allocated as follows: approximately 55% for the capital costs of the Bakuta tungsten mine project, 10% for developing ammonium paratungstate (APT) capacity, 25% for repaying part of bank loans, and 10% for working capital and other general corporate purposes [7]. Key Investors - The cornerstone investors include China Cinda (Hong Kong) Asset Management Co., Ltd., Singapore Luyin Trading Co., Ltd., and several others, collectively holding approximately 50% of the shares offered [8]. Business Focus and Financial Performance - Jiaxin International Resources is focused on developing the Bakuta tungsten mine project in Kazakhstan, with commercial production expected to commence in April 2025 [9]. - The company reported no revenue for the years 2022 and 2023, with projected revenue of HKD 126 million for the first half of 2025. Cumulative losses from 2022 to the first half of 2025 amounted to HKD 358 million [9][11]. Cash Flow and Financial Activities - The company experienced negative cash flows from operating activities in 2022, 2023, and 2024, with a positive cash flow of HKD 15.55 million projected for the first half of 2025 [10][11].

Group 1 - The core viewpoint of the news is that Jaxin International Resources (03858) has successfully listed its shares at a price of HKD 10.92, raising approximately HKD 1.199 billion, with a significant initial trading increase of 108.79% to HKD 22.8 [1] - Jaxin International Resources is a tungsten mining company based in Kazakhstan, focusing 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][2] - According to Frost & Sullivan, the Bakuta tungsten mine is ranked as the fourth largest tungsten ore resource mine globally, possessing the largest designed tungsten production capacity in a single mine [1] Group 2 - The Bakuta tungsten mine is located in the Yenbekshikazakh district of Almaty region, Kazakhstan, with convenient access to transportation routes from Almaty and the Horgos port connecting Kazakhstan and China [2] - The project benefits from existing and affordable hydroelectric power supply, which is crucial for cost-effective production [2] - The company aims to develop the Bakuta tungsten mine project into a world-class tungsten mining operation, leveraging its rich tungsten resources and favorable location in Kazakhstan [2]

Core Viewpoint - Jiaxin International Resources (03858) has successfully listed, with shares priced at HKD 10.92, raising approximately HKD 1.199 billion, and has seen a significant increase of 108.79% to HKD 22.8 at the time of reporting [1] Company Overview - Jiaxin International Resources is a tungsten mining company based in Kazakhstan, focusing on the development of the Bakuta tungsten project [1] - The Bakuta tungsten mine is projected to be the largest open-pit tungsten mine globally in terms of WO3 mineral resources by December 31, 2024, and ranks as the fourth largest tungsten mine overall [1] - The company possesses the largest designed tungsten production capacity in a single tungsten mine [1] Project Location and Logistics - The Bakuta tungsten mine is located in the Yenbekshikazakh district of Almaty region, Kazakhstan, with accessible transportation routes from Almaty and the Horgos port connecting Kazakhstan and China [1] - A railway connecting Horgos and Almaty is situated approximately 20 kilometers north of the Bakuta tungsten mine, facilitating product transportation [1] - The project benefits from existing and affordable water and electricity supply, enhancing its operational feasibility [1] Future Development Plans - The company aims to develop the Bakuta tungsten project into a world-class tungsten mining operation, leveraging its substantial tungsten resources, expected cost-effective production, and advantageous location in Kazakhstan [1]

Group 1 - The company, Jiaxin International Resources (03858), announced the results of its share placement, with a global offering of approximately 109.8 million shares [1] - The share price was set at HKD 10.92 per share, resulting in net proceeds of approximately HKD 1.0877 billion [1] - The offering consisted of 10% for the Hong Kong public and 90% for international placement, with the Hong Kong public offering being oversubscribed by 2041.62 times and the international offering by 21.11 times [1] Group 2 - Shares are expected to commence trading on the Hong Kong Stock Exchange on August 28, 2025, at 9:00 AM Hong Kong time [1] - The shares will also begin trading on the Astana International Exchange (AIX) on the same date at 11:00 AM ALMT time [1]

Core Viewpoint - Jiaxin International Resources (03858.HK) announced a global offering of 109,808,800 shares at a price of HKD 10.92 per share, raising a total of HKD 1.199 billion [1] Summary by Relevant Sections - **Global Offering Details** - The global offering consists of 109,808,800 shares priced at HKD 10.92 each, with total proceeds amounting to HKD 1.199 billion [1] - The Hong Kong public offering accounts for 10% of the total shares, with a subscription rate of 2041.62 times [1] - The international offering represents 90% of the total shares, with a subscription rate of 21.11 times [1] - **Trading Information** - If the global offering becomes unconditional on August 28, 2025, trading is expected to commence on the Hong Kong Stock Exchange at 9:00 AM (Hong Kong time) and on AIX at 11:00 AM (ALMT time) on the same day [1] - Shares will be traded in lots of 400 shares, with the stock code being 3858 for the Hong Kong market and "JXIR" for AIX [1]

Group 1 - The company, Jaxin International Resources (03858), announced the results of its share placement, with a global offering of approximately 109.8 million shares [1] - The Hong Kong public offering accounted for 10% of the total shares, while the international offering made up 90% [1] - The share price was set at HKD 10.92 per share, resulting in net proceeds of approximately HKD 1.0877 billion [1] Group 2 - The Hong Kong public offering was oversubscribed by 2041.62 times, indicating strong demand [1] - The international offering was oversubscribed by 21.11 times, reflecting significant interest from global investors [1] - The shares are expected to commence trading on the Hong Kong Stock Exchange on August 28, 2025, at 9:00 AM Hong Kong time [1]

香港交易及結算所有限公司、香港聯合交易所有限公司（「香港聯交所」）及香港中央結算有限公 司（「香港結算」）對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表 示概不就因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 除本公告另有界定外，本公告所用詞彙與佳鑫國際資源投資有限公司（「本公司」）日期為2025年 8月20日的招股章程（「招股章程」）所界定者具有相同涵義。 本公告僅供參考，並不構成收購、購買或認購本公司任何證券的邀請或要約。本公告並非招股 章程。潛在投資者在決定是否投資發售股份前，務請細閱招股章程有關本公司及下文所述全球 發售的詳細資料。有關發售股份的任何投資決定，應僅依據招股章程所提供的資料作出。 本公告不會直接或間接在或向美國（包括美國的領土及屬地、任何州以及哥倫比亞特區）發佈、 刊發或分發。本公告並不構成或組成證券於美國或任何其他司法權區的任何購買或認購要約或 招攬的一部分。發售股份並無亦不會根據1933年美國證券法（不時經修訂）（「美國證券法」）或 美國任何州或其他司法管轄區的證券法登記，且不得在美國境內提呈發售、出售、抵押或以其 他方式轉讓， ...

Core Viewpoint - Jiaxin International Resources (03858) is set to list in Hong Kong on August 28, with significant pre-listing trading activity indicating strong investor interest and potential for high returns [1] Group 1 - Jiaxin International Resources' dark pool trading shows a closing price of HKD 22.16, representing an increase of 102.93% from the offering price of HKD 10.92 [1] - Each lot consists of 400 shares, resulting in a potential profit of HKD 4,496 per lot, excluding transaction fees [1]

Group 1 - The core point of the article is that Jiaxin International Resources (03858) will be listed on the Hong Kong Stock Exchange on August 28, with a significant increase in its trading price compared to the initial offering price [1] - As of the close, the dark trading by Livermore Securities showed a price of HKD 22.16, which represents a 102.93% increase from the offering price of HKD 10.92 [1] - Each lot consists of 400 shares, and without considering transaction fees, investors could earn HKD 4,496 per lot [1]

Core Viewpoint - Jiaxin International Resources (03858) is set to list on the Hong Kong Stock Exchange on August 28, with a significant increase in its trading price compared to the initial offering price [1]. Group 1 - The stock is currently quoted at HKD 19.65 in the dark trading market, representing a 79.95% increase from the offering price of HKD 10.92 [1]. - Each trading unit consists of 400 shares, leading to a potential profit of HKD 3,492 per unit, excluding transaction fees [1]. Group 2 - The trading volume is reported at 68,000 shares, with a total transaction value of HKD 1.33 million [4]. - The buy-side activity shows a strong interest, with a buy ratio of 81.40% [4].