假设超额配股权并无获行使及按发售价每股发售股份10.92港元计算，扣除集团于全球发售中应付的包 销费用及开支后，集团估计集团将获得所得款项净额约10.88亿港元。集团计划将全球发售所得款项净 额用于以下用途：(i)约55.0%将用作拨付巴库塔钨矿项目开发的资本成本。其中约17.5%将用作拨付有 关巴库塔钨矿项目开发尾矿库的资本成本。约27.5%将用作拨付有关巴库塔钨矿项目建立选矿厂的资本 成本。约10.0%将用作拨付为集团二期商业生产建立矿石分选系统;(ii)约10.0%将用作发展集团的仲钨酸 铵(APT)生产能力。其中约6.0%将用于仲钨酸铵生产设施的初步设计。约2.0%将用于进行有关潜在客户 及仲钨酸铵需求的市场研究。约1.0%将用于进行仲钨酸铵生产的可行性研究。约1.0%将用于杂项开 支，主要包括差旅及交通开支;(iii)约25.0%将用作偿还集团部分以欧元计值的银行贷款的本金总额及应 计利息;(iv)约10.0%将分配作营运资金及其他一般公司用途。 于往绩记录期，集团主要专注于筹备巴库塔钨矿项目的商业生产，因此，于2022年、2023年及2024年12 月31日止年度以及截至2025年6月30日止6个 ...

Core Viewpoint - Jiaxin International Resources Investment Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, marking its third attempt after previous failures [1] Group 1: Company Overview - Jiaxin International is a tungsten mining company based in Kazakhstan, focusing on the development of the Bakuta tungsten mine [2] - The Bakuta tungsten mine is recognized as the world's fourth-largest tungsten mine by resource volume, with a total mineral resource of 230,000 tons and the largest designed tungsten production capacity [2][3] Group 2: Financial Performance - Jiaxin International reported annual losses of HKD 94.45 million, HKD 80.129 million, and HKD 177 million from 2022 to 2024, accumulating over HKD 300 million in losses over three years [2] - Administrative expenses have shown a compound annual growth rate of 35.99%, with respective expenses of approximately HKD 40 million, HKD 70 million, and HKD 80 million during the same period [2] Group 3: Project Development - The Bakuta tungsten mine project has been in the exploration and development stage, with no confirmed revenue to date [2] - The project is expected to enter commercial production in the second quarter of 2025, with a targeted mining and mineral processing capacity of 3.3 million tons of tungsten ore for that year [3] Group 4: Shareholding Structure - The pre-listing shareholding structure of Jiaxin International includes significant stakeholders such as Jiangxi Copper (41.65%), Hengzhao International controlled by Liu Zijia (43.35%), and China Railway Construction (10%) [4]