Core Viewpoint - The China Securities Regulatory Commission has issued a notice regarding the overseas issuance and listing of Tibet Zhihui Mining Co., Ltd., which plans to issue no more than 140,244,000 ordinary shares and list on the Hong Kong Stock Exchange [1] Company Overview - Zhihui Mining is a mining company focused on the exploration, mining, and production of zinc, lead, and copper in Tibet, China [1] - According to Shanghai Nonferrous Metals Network, from 2022 to 2024, the company ranks second in average annual zinc concentrate production, third in lead concentrate, and fifth in copper concentrate in Tibet [1] - The mining operations are located in the Rongduo Township of Jiali County, Naqu City, Tibet [1] Mining Operations - The company's Mengya Mine includes an open-pit mine that has been in commercial operation since 2007 and an underground mining project that is under development, expected to commence commercial operations in the second half of 2025 [1] - The mining activities are situated within a nationally designated exploration area, at altitudes between 5,000.0 meters and 5,300.0 meters, where rich mineral resources have been discovered [1] - The company holds exploration rights over an area of approximately 58.5 square kilometers and mining rights over an area of approximately 4.5 square kilometers [1]