（原标题：佳鑫国际资源(03858)：谢文波获委任为执行董事及ESG委员会主席） 智通财经APP讯，佳鑫国际资源(03858)发布公告，查克兵先生已因工作调动原因辞任非执行董事及公司 审核委员会成员，自2025年12 月31日起生效。谢文波先生已获委任为公司执行董事及公司环境、社会 及管治委员会(ESG委员会)主席，并同时担任公司首席执行官，自2025年12月31日起生效。公云帆先生 已获委任为非执行董事及ESG委员会成员，自2025年12月31日起生效。 汪中伟先生已由公司执行董事调任为非执行董事及获委任为调任审核委员会成员，且其已不再为ESG委 员会成员及公司首席执行官，自2025年12月31日起生效。 因董事会对ESG委员会组成作出相应调整，邱怀智先生不再为ESG委员会成员，自2025年12月31日起生 效。 ...

Group 1 - The core point of the article is the announcement of management changes at Jiaxin International Resources (03858.HK) [1] - Chuck Bing has resigned as a non-executive director and member of the company's audit committee due to work relocation, effective December 31, 2025 [1] - Xie Wenbo has been appointed as the company's executive director and chairman of the Environmental, Social, and Governance (ESG) Committee, also effective December 31, 2025 [1] - Gong Yunfan has been appointed as a non-executive director and member of the ESG Committee, effective December 31, 2025 [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） 謝文波先生 （首席執行官） 邱懷智先生 非執行董事 汪中偉先生 陳克琴女士 公雲帆先生 （股份代號：3858） 董事名單與其角色和職能 佳鑫國際資源投資有限公司（「本公司」）董事（「董事」）會（「董事會」）成員載列如 下： 董事會主席兼執行董事 劉力強先生 執行董事 C 有關董事委員會的主席 M 有關董事委員會的成員 香港，2025年12月31日 2 獨立非執行董事 朱國山先生 王劍鋒先生 黃學斌先生 1 董事會設立四個委員會。下表提供該等委員會的成員資料。 | 董事委 | 員會 | 審核委員會 | 薪酬委員會 | 提名委員會 | 環境、社會及 | | --- | --- | --- | --- | --- | --- | | 董事 | | | | | 管治委員會 | | 劉力強先生 | | | M | | | | 謝文波先生 | | | | | C | | 汪中偉先生 | | M | | | | | 公雲帆先生 | | | | | M | | 陳克琴女士 ...

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，並明確表示概不會就本公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。 非執行董事辭任 本公司董事（「董事」）會（「董事會」）謹此宣佈，查克兵先生（「查先生」）已因工作 調動原因辭任非執行董事及本公司審核委員會（「審核委員會」）成員，自2025年12 月31日起生效。 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） 董事變動及董事委員會組成變動 本公告由佳鑫國際資源投資有限公司（「本公司」，連同其附屬公司統稱「本集團」） 根據香港聯合交易所有限公司（「聯交所」）《證券上市規則》（「《上市規則》」）第 13.51(2)條刊發。 查先生已確認：(i)就其辭任事宜，他對本公司並無任何申索；(ii)就其辭任事宜， 他與董事會並無任何意見分歧；及(iii)就其辭任事宜，並無其他須提請本公司股 東（「股東」）及聯交所垂注之事宜。 執行董事及首席執行官委任 董 ...

Group 1: Market Dynamics - The tungsten market is experiencing significant price increases driven by major tungsten companies raising long-term procurement prices and production cuts from key tungsten raw material producers [1][2] - As of December 18, tungsten concentrate and ammonium paratungstate prices have risen, with tungsten powder (≥99.7%) reaching 1.01 million CNY/ton, a 219.6% increase since the beginning of the year [1] - Domestic tungsten powder prices have also surged to 1.045 million CNY/ton, with a notable acceleration in the price increase rate compared to November [1] Group 2: Supply and Demand Outlook - Analysts suggest that the recent rapid increase in tungsten prices is linked to supply constraints and rising long-term prices as the year-end approaches [2] - CICC forecasts that the global tungsten supply-demand relationship will remain tight, driving prices higher, with a long-term price center expected to rise to 450,000-500,000 CNY/ton by 2028 [2] - From 2025 to 2028, global tungsten production is projected to increase from 82,800 tons to 89,900 tons, while demand is expected to rise from 102,100 tons to 110,000 tons, indicating a persistent supply-demand gap [2] Group 3: Company Insights - Jiexin International Resources (03858) is set to begin commercial production at the Bakuta tungsten mine project in April 2025, with a target mining and processing capacity of 3.3 million tons of tungsten ore [3] - In the first half of 2025, Jiexin International processed 945,000 tons of ore, achieving a tungsten concentrate output of 1,205 tons, with a target for the second half of the year set at 1.65 million tons of ore and 3,638 tons of concentrate, tripling the first half's output [3] - By 2027, Jiexin International's second-phase project is expected to increase annual mining and processing capacity to 4.95 million tons, with projected concentrate output of 13,700 tons and a potential cost of 49,000 CNY per ton by 2027 [3]

Group 1 - The tungsten market is experiencing significant price increases driven by major tungsten companies raising long-term purchase prices and production cuts from key tungsten raw material producers [1] - As of December 18, tungsten concentrate and ammonium paratungstate prices have risen, with tungsten powder (≥99.7%) reaching 1.01 million yuan/ton, a 219.6% increase since the beginning of the year [1] - CICC predicts that due to supply-side pressures and geopolitical conflicts, global tungsten supply will require higher incentive prices, suggesting that tungsten prices may continue to rise in the short term [1] Group 2 - CICC believes that the global tungsten supply-demand relationship will remain tight, driving the long-term price center to rise to 450,000-500,000 yuan/ton, expected to last until 2028 [2] - From 2025 to 2028, global tungsten production is projected to increase from 82,800 tons to 89,900 tons, while demand will rise from 102,100 tons to 110,000 tons, indicating a persistent supply-demand gap [2] - The demand for tungsten-based new materials in emerging fields such as AI and new infrastructure will provide long-term support for tungsten prices [2] Group 3 - Jiaxin International Resources (03858) has commenced commercial production at the Bakuta tungsten mine project, targeting a mining and processing capacity of 3.3 million tons of tungsten ore by 2025 [3] - In the first half of 2025, Jiaxin International processed 945,000 tons of ore, achieving a tungsten concentrate output of 1,205 tons, with a target of 1.65 million tons of ore and 3,638 tons of concentrate in the second half [3] - By 2027, the second phase of the project is expected to increase annual mining and processing capacity to 4.95 million tons, with a projected concentrate output of 13,700 tons and a long-term price center of 450,000-500,000 yuan/ton [3]

Group 1: Precious Metals Market Trends - Silver prices surged over 6% today, with platinum and palladium futures also hitting their daily limit, as global markets enter the "Christmas mode" and major financial markets prepare for holiday closures [1][2] - Year-to-date, silver has increased by 137%, while tungsten concentrate prices have risen by 202% [1][4] - The recent week saw silver prices rise by 8.27%, and tungsten powder prices increased by approximately 18% [1] Group 2: Company Performance - Jiexin International Resources (03858.HK) experienced a significant rise, with its stock price increasing over 11% today, marking a threefold increase since its IPO on August 28 [1][4] - The domestic stock market's precious metals sector has outperformed, with gains exceeding 3% and an annual increase of over 80% [2] Group 3: Supply and Demand Dynamics - The recent surge in tungsten prices is attributed to tight supply and structural growth in demand, with prices reaching historical highs [5] - Global tungsten supply is expected to remain tight over the next 3-5 years due to declining ore grades and stricter regulations, which will likely drive prices higher [5][4] - The global tungsten production is projected to increase from 79,500 tons in 2023 to 89,900 tons by 2028, while demand is expected to rise from 96,200 tons to 110,000 tons in the same period, leading to an expanding supply-demand gap [5]

Group 1 - Non-ferrous metal stocks have shown strong performance, with notable increases in share prices for companies such as Chalco International (+11.39%), Jaxin International Resources (+13.17%), and China Gold International (+7.26%) [1] - On December 22, precious metals experienced significant price increases, with spot gold reaching a new high of $4,400 per ounce and spot silver surpassing $68 per ounce [1] - Industrial metals also saw record price surges, with LME copper prices nearing $12,000 per ton, indicating a bullish trend in the basic metals market [1] Group 2 - Citic Securities highlighted that the U.S. is siphoning off non-U.S. regional inventories, leading to supply tightness for silver and copper, which are continuously hitting historical price records [2] - Tin, facing ongoing supply threats, has also reached new highs this year, while aluminum prices are attempting to explore higher price levels [2] - Dongfang Securities anticipates that as commodity prices continue to reach new highs, market expectations for mid-term price increases in gold, copper, aluminum, and iron will strengthen, suggesting investment opportunities in these sectors [2]

智通财经获悉，佳鑫国际资源(03858)涨幅扩大逾13%，较招股价10.92港元已涨近350%。截至发稿，涨 12.29%，报48.44港元，成交额9304.92万港元。 本文源自：智通财经网 智通财经APP在《钨价年内狂飙220%创历史新高，最具弹性标的佳鑫国际（03858）或有10倍空间？》 中指出，在产量方面，佳鑫国际2027年精矿石产量1.37万吨;在价格方面，市场普遍预计钨精矿中长期 价格中枢45万-50万元/吨；在成本方面，2027年每吨精矿成本可低至4.9万元。这就意味着，佳鑫国际 2027年的毛利或可达55亿至60亿元。若钨价格进一步超预期，则可为佳鑫国际带来更丰厚利润。 消息面上，中钨在线数据显示，12月17日，钨粉价格上涨1万元/吨，最新价格达到100万元/吨，较年初 涨216.5%。中金公司表示，由于国内因品位下降、规范化要求趋严等影响，供给侧产量收缩压力加 大，同时海外其他主要增量项目的投产进度存在不确定性，叠加地缘冲突持续不断和海外通胀压力抬 升，全球钨供给增量需要更高的激励价格，因此其认为钨价短期有望继续偏强运行，并持续创下新高。 ...

智通财经APP获悉，佳鑫国际资源(03858)涨幅扩大逾13%，较招股价10.92港元已涨近350%。截至发 稿，涨12.29%，报48.44港元，成交额9304.92万港元。 消息面上，中钨在线数据显示，12月17日，钨粉价格上涨1万元/吨，最新价格达到100万元/吨，较年初 涨216.5%。中金公司表示，由于国内因品位下降、规范化要求趋严等影响，供给侧产量收缩压力加 大，同时海外其他主要增量项目的投产进度存在不确定性，叠加地缘冲突持续不断和海外通胀压力抬 升，全球钨供给增量需要更高的激励价格，因此其认为钨价短期有望继续偏强运行，并持续创下新高。 智通财经APP在《钨价年内狂飙220%创历史新高，最具弹性标的佳鑫国际（03858）或有10倍空间？》 中指出，在产量方面，佳鑫国际2027年精矿石产量1.37万吨;在价格方面，市场普遍预计钨精矿中长期 价格中枢45万-50万元/吨；在成本方面，2027年每吨精矿成本可低至4.9万元。这就意味着，佳鑫国际 2027年的毛利或可达55亿至60亿元。若钨价格进一步超预期，则可为佳鑫国际带来更丰厚利润。 ...