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1
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the “Stock Exchange ”)
and Hong Kong Securities Clearing Company Limited (the “HKSCC ”) take no responsibility for the contents of
this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability
whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this
announcement.
Unless otherwise defined herein, capitalized terms and expressions used in this announcement shall have the same
meanings as those defined in the prospectus dated December 31, 2025 (the “Prospectus ”) of Yunnan Jinxun Resources
Co., Ltd. (ʮ̡ ) (the “Company ”).
This announcement is for information purposes only and does not constitute an offer or an invitation to induce an
offer by any person to acquire, purchase or subscribe for any securities of the Company. This announcement is not a
prospectus. Potential investors should read the Prospectus carefully for detailed information about the Company and
the Global Offering before deciding whether or not to invest in the Offer Shares. Any investment decision in relation
to the Global Offering should be taken solely in reliance on the information provided in the Prospectus.
This announcement is not for release, publication or distribution, directly or indirectly, in or into the United States
(including its territories and possessions, any state of the United States and the District of Columbia) or to any
person (as defined in Regulation S under the United States Securities Act of 1933, as amended from time to time,
(the “U.S. Securities Act ”)) ( “U.S. Persons ”) or any other jurisdiction where such distribution is prohibited by law.
This announcement does not constitute or form a part of any offer to sell or solicitation to purchase or subscribe for
securities in the United States or in any other jurisdiction. The Offer Shares have not been and will not be registered
under the U.S. Securities Act or securities law any state or other jurisdiction of the United States and may not be
offered, sold, pledged or transferred within the United States, except in transactions exempt from, or not subject to, the
registration requirements of the U.S. Securities Act. There will not be and is not currently intended to be any public
offer of the Offer Shares in the United States. The Offer Shares are being offered and sold outside the United States in
offshore transactions in reliance on Regulation S under the U.S. Securities Act.
In connection with the Global Offering, Huatai Financial Holdings (Hong Kong) Limited, as the stabilizing manager
(the “Stabilizing Manager ”), its affiliates or any person acting for it, on behalf of the Underwriters, may over-allocate
or effect transactions with a view to stabilizing or maintaining the market price of the H Shares at a level higher than
that which might otherwise prevail in the open market for a limited period which begins on the Listing Date. However,
there is no obligation on the Stabilizing Manager, its affiliates or any person acting for it to conduct any such
stabilizing action, which, if commenced, will be done at the sole and absolute discretion of the Stabilizing Manager,
its affiliates or any person acting for it, and may be discontinued at any time. Any such stabilizing activity is required
to be brought to an end on Thursday, February 5, 2026, being the 30th day after the last day for lodging applications
under the Hong Kong Public Offering. Such stabilizing action, if taken, may only be effected in all jurisdictions where
it is permissible to do so, in each case in compliance with all applicable laws, rules and regulatory requirements,
including the Securities and Futures (Price Stabilizing) Rules (Chapter 571W of the Laws of Hong Kong), as amended,
made under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
Potential investors should be aware that stabilizing action cannot be taken to support the price of the H Shares for
longer than the stabilization period which begins on the Listing Date and is expected to expire on Thursday, February
5, 2026, being the 30th day after the last day for lodging applications under the Hong Kong Public Offering. After this
date, no further stabilizing action may be taken, and demand for the H Shares and the price of the H Shares could fall.
The Hong Kong Offer Shares will be offered to the public in Hong Kong subject to the terms and conditions as set out
in the Prospectus. Potential investors of the Offer Shares should note that the Overall Coordinators (for themselves
and on behalf of the Hong Kong Underwriters) and the Sole Sponsor shall be entitled to terminate the Hong
Kong Underwriting Agreement upon the occurrence of any of the events set out in “Underwriting – Underwriting
Arrangements and Expenses – Hong Kong Public Offering – Grounds for Termination ” in the Prospectus at any time
prior to 8:00 a.m. (Hong Kong time) on the Listing Date (which is currently expected to be Friday, January 9, 2026).


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2
Yunnan Jinxun Resources Co., Ltd.
ʮ̡
(A joint stock company incorporated in the People ’s Republic of China with limited liability)
GLOBAL OFFERING
Number of Offer Shares under the Global : 36,765,600 H Shares (subject to the Over-
Offering allotment Option)
Number of Hong Kong Offer Shares : 3,676,600 H Shares
Number of International Offer Shares : 33,089,000 H Shares (subject to the Over-
allotment Option)
Offer Price : HK$30.00 per H Share, plus brokerage of
1.0%, SFC transaction levy of 0.0027%,
AFRC transaction levy of 0.00015% and
Stock Exchange trading fee of 0.00565%
Nominal value : RMB1.00 per H Share
Stock Code : 3636
Sole Sponsor, Sponsor-Overall Coordinator, Overall Coordinator,
Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager
Overall Coordinator, Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager
Joint Bookrunners and Joint Lead Managers (in alphabetical order)
Joint Lead Managers (in alphabetical order)


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3
YUNNAN JINXUN RESOURCES CO., LTD./ʮ̡
ANNOUNCEMENT OF FINAL OFFER PRICE AND
ALLOTMENT RESULTS
Unless otherwise defined herein, capitalised terms used in this announcement shall have the same
meanings as those defined in the prospectus dated 31 December 2025 (the “Prospectus ”) issued by
Yunnan Jinxun Resources Co., Ltd. (the “Company ”).
Warning: In view of high concentration of shareholding in a small number of H
Shareholders, H Shareholders and prospective investors should be aware that the price of
the H Shares could move substantially even with a small number of H Shares traded and
should exercise extreme caution when dealing in the H Shares.
SUMMARY
Company information
Stock code 3636
Stock short name JINXUN RESOURCE
Dealings commencement date 9 January 2026*
* see note at the end of the announcement
Price Information
Final Offer Price HK$30.00
Offer Shares and Share Capital
Number of Offer Shares 36,765,600
Final Number of Offer Shares in Hong Kong Public Offering 3,676,600
Final Number of Offer Shares in International Offering 33,089,000
Number of issued shares upon Listing (before exercise of
Over-allotment Option) 147,062,243
Over-allocation
No. of Offer Shares over-allocated 5,514,800
 – International Offering 5,514,800
Such over-allocation may be covered by exercising the Over-allotment Option or by making
purchases in the secondary market at prices that do not exceed the Offer Price or through
deferred delivery or a combination of these means. In the event the Over-allotment Option is
exercised, an announcement will be made on the Stock Exchange ’s website.


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4
Proceeds
Gross proceeds (Note) HK$1,102.97 million
 Less: Estimated listing expenses payable based on
 Final Offer Price
HK$ (60.37) million
Net proceeds HK$1,042.60 million
Note: Gross proceeds refers to the amount to which the issuer is entitled to receive. For details of the use of
proceeds, please refer to the Prospectus.
ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFERING
No. of valid applications 64,456
No. of successful applications 9,037
Subscription level 143.46 times
Claw-back triggered No
No. of Offer Shares initially available under the Hong Kong Public
Offering
3,676,600
Final no. of Offer Shares under the Hong Kong Public Offering 3,676,600
% of Offer Shares under the Hong Kong Public Offering to the Global
Offering
10.00%
Note: For details of the final allocation of shares to the Hong Kong Public Offering, investors can refer to http://
www.eipo.com.hk/eIPOAllotment to perform a search by name or identification number or http://www.eipo.com.hk/
eIPOAllotment for the full list of allottees.


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5
INTERNATIONAL OFFERING
No. of placees 96
Subscription Level 12.78 times
No. of Offer Shares initially available under the International Offering 33,089,000
Final no. of Offer Shares under the International Offering 33,089,000
% of Offer Shares under the International Offering to the Global
Offering (Note)
90.00%
Note: Assuming the Over-allotment Option is not exercised.
The Directors confirm that, to the best of their knowledge, information and belief, (i) none of the
Offer Shares subscribed by the placees and the public have been financed directly or indirectly
by the Company, any of the Directors, chief executive of the Company, Controlling Shareholders,
substantial shareholders, existing shareholders of the Company or any of its subsidiaries or their
respective close associates; and (ii) none of the placees and the public who have purchased the
Offer Shares are accustomed to taking instructions from the Company, any of the Directors,
chief executive of the Company, Controlling Shareholders, substantial shareholders, existing
shareholders of the Company or any of its subsidiaries or their respective close associates in
relation to the acquisition, disposal, voting or other disposition of Shares registered in his/her/its
name or otherwise held by him/her/it.


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6
The placees in the International Offering include the following:
Cornerstone Investors
Investor (1)
No. of Offer Shares
allocated (2) (3)
% of Offer
Shares (3)
% of total issued
share capital
after the Global
Offering (3)
Existing
shareholders
or their close
associates
Glencore International AG 7,780,800 21.16% 5.29% No
Stoneylake Global Alpha Fund 2,593,600 7.05% 1.76% No
NR 1 SP 2,074,800 5.64% 1.41% No
China Asset Management (Hong Kong)
Limited/
၍ଣ (ಥ)ʮ̡
778,000 2.12% 0.53% No
New Asia Ferrell Asset Management
Limited/ʮ̡
778,000 2.12% 0.53% No
Bridge Zone Group Limited/
ʮ̡
770,200 2.09% 0.52% No
Zhengxin Group Investment Limited 518,600 1.41% 0.35% No
Sunwoda Treasury (Hong Kong) Limited/
༺ৌ༟ (ಥ)ʮ̡
333,200 0.91% 0.23% No
Total 15,627,200 42.50% 10.63%
Notes:
1. For further details of the Cornerstone Investors, please refer to the section headed “Cornerstone Investors ” in
the Prospectus.
2. Excluding Offer Shares allotted to Cornerstone Investors and/or their close associates with consent under
Chapter 4.15 of the Guide for New Listing Applicants (if any).
3. Before any exercise of the Over-allotment Option.


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7
ALLOTTEES WITH WAIVERS/CONSENTS OBTAINED
Investor
Number of Offer
Shares allocated
% of Offer Shares
(assuming no
exercise of the
Over-allotment)
% of total issued
share capital
after the Global
Offering (assuming
no exercise of the
Over-allotment
Option)
Allottees with consent under Chapter 4.15 of the Guide for New Listing Applicants in relation to allocations of further H Shares to
Cornerstone Investors and/or their close associates (Note)
Stoneylake Global Alpha Fund 2,590,000 7.04% 1.76%
NR 1 SP 778,000 2.12% 0.53%
China Asset Management (Hong Kong) Limited 778,000 2.12% 0.53%
New Asia Ferrell Asset Management Limited 753,000 2.05% 0.51%
Bridge Zone Group Limited 750,000 2.04% 0.51%
Sunwoda Treasury (Hong Kong) Limited (༺ৌ༟ (ಥ)ࠢ
ʮ̡) 333,000 0.91% 0.23%
Note: The number of Offer Shares allocated to the relevant investors listed in this subsection only represents
the number of Offer Shares allocated to the investors as placees in the International Offering. For allocations of
Offer Shares to the relevant investors as Cornerstone Investors, please refer to the section headed “Allotment
Results Details – Cornerstone Investors ” in this announcement. For details of the consent under Chapter 4.15 of
the Guide for New Listing Applicants in relation to allocations of further Shares to Cornerstone investors and
their close associates, please refer to the section headed “Others/Additional Information – Allocations of Offer
Shares to Cornerstone Investor and/or their close associates with consent under Chapter 4.15 of the Guide ” in this
announcement.


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8
Investor
Number of Offer
Shares allocated
% of Offer Shares
(assuming no
exercise of the
Over-allotment)
% of total issued
share capital
after the Global
Offering (assuming
no exercise of the
Over-allotment
Option) Relationship
Allottees with consent under paragraph 1C(1) Placing Guidelines for Equity Securities (Appendix F1 of the Main Board Listing
Rules) in relation to allocations to connected clients (1)
Huatai Capital Investment
Limited ( “HTCI”)
403,600 1.10% 0.27% HTCI and Huatai Financial
Holdings (Hong Kong)
Limited ( “Huatai ”) are group
companies within the same
group
CSOP Asset Management
Limited ( “CSOP AM ”)
20,000 0.05% 0.01% CSOP AM and Huatai are group
companies within the same
group
CITIC Securities International
Capital Management Limited
(“CSI”)
182,600 0.50% 0.12% CSI and CLSA Limited
(“CLSA”) are group
companies within the same
group
CITIC Securities Asset
Management Company
Limited ( “CITIC SAMC ”)
36,000 0.10% 0.02% CITIC AMC and CLSA are
group companies within the
same group
China Asset Management (Hong
Kong) Limited ( “China AMC
(HK)”)
1,556,000 (2) 4.23% 1.06% China AMC (HK) and CLSA
are group companies within
the same group.
One of the public funds
managed by ChinaAMC
(HK) is distributed by Futu
Securities International (Hong
Kong) Limited ( “Futu”) and
ultimately 74.29% held by
Futu’s clients.
ABCI Asset Management
Limited ( “ABCI AM ”)
1,000 0.003% 0.001% ABCI AM, ABCI Capital
Limited and ABCI Securities
Company Limited are group
companies within the same
group
Notes:
1. For details of the consent under paragraph 1C(1) of the Placing Guidelines in relation to allocations to
connected clients, please refer to the section headed “Others/Additional Information – Placing to connected
clients with a prior consent under paragraph 1C(1) of the Placing Guidelines ” in this announcement.
2. Number of Offer Shares allocated to China AMC (HK) in this subsection included both Offer Shares allocated
as cornerstone investor and as placee in the International Offering.


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9
LOCK-UP UNDERTAKINGS
Controlling Shareholders
Name
Number of
shares held
in the Company
subject to
lock-up
undertakings
upon listing
Number of
H Shares held
in the Company
subject to
lock-up
undertakings
upon listing
% of total issued
H Shares after
the Global
Offering subject
to lock-up
undertakings
upon listing
% of
shareholding
in the Company
subject to
lock-up
undertakings
upon listing
Last day subject to
the lock-up
undertakings (Note)
Yuan Rong/ ঺࿲ 101,230,612 0 0.00% 68.84% 8 January 2027
Ji’an Heli Investment Management
Center (Limited Partnership)/ Λτጤ
ΥᎸҳ༟၍ଣʕː (Υྫ )
8,973,467 0 0.00% 6.10% 8 January 2027
Subtotal 110,204,079 0 0.00% 74.94%
Note: The expiry date of the lock-up period shown in the table above is pursuant to the PRC Company Laws. The
required lock-up for the Controlling Shareholders ends on 8 January 2027, being 12 months following the Listing
Date.


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10
Existing Shareholders
Name
Number of
shares held
in the Company
subject to
lock-up
undertakings
upon listing
Number of
H Shares held
in the Company
subject to
lock-up
undertakings
upon listing
% of total issued
H Shares after
the Global
Offering subject
to lock-up
undertakings
upon listing
% of
shareholding
in the Company
subject to
lock-up
undertakings
upon listing
Last day subject to
the lock-up
undertakings (Note)
Yuan Rong/ ঺࿲ 101,230,612 0 0.00% 68.84% 8 January 2027
Ji’an Heli Investment Management
Center (Limited Partnership)/ Λτጤ
ΥᎸҳ༟၍ଣʕː (Υྫ )
8,973,467 0 0.00% 6.10%
8 January 2027
Guo Lilei/ ெлᆾ 27,299 0 0.00% 0.02% 8 January 2027
Wang Cuihua/ڀ16,805 0 0.00% 0.01% 8 January 2027
Wu Jianli/஁ 14,820 0 0.00% 0.01% 8 January 2027
Song Tao/ ҂ᏹ 14,000 0 0.00% 0.01% 8 January 2027
Zhu Xu/ ϡϛ 10,283 0 0.00% 0.01% 8 January 2027
Liu Gang/࡝3,000 0 0.00% 0.00% 8 January 2027
Guo Lizhe/ࡪ2,600 0 0.00% 0.00% 8 January 2027
Chen Shanyong/ۇ1,080 0 0.00% 0.00% 8 January 2027
Xiang Lili/ Σ஁ᘆ 750 0 0.00% 0.00% 8 January 2027
Bi Jiandong/؇ܔ700 0 0.00% 0.00% 8 January 2027
Yu Hui/ Яᅆ 400 0 0.00% 0.00% 8 January 2027
Ye Xinyi/ू 200 0 0.00% 0.00% 8 January 2027
Peng Zhangyun/ ు௝༶ 200 0 0.00% 0.00% 8 January 2027
Xiong Wei/ ဤᙯ 100 0 0.00% 0.00% 8 January 2027
Han Xitang/ ᒵ፼ੀ 100 0 0.00% 0.00% 8 January 2027
Li Wenhai/ ҽ˖ऎ 100 0 0.00% 0.00% 8 January 2027
Zhou Jie/؏76 0 0.00% 0.00% 8 January 2027
Luo Jiegao/ ᖯ௫৷ 51 51 0.00% 0.00% 8 January 2027
Subtotal 110,296,643 51 0.00% 75.00%
Note: The expiry date of the lock-up period shown in the table above is pursuant to the PRC Company Laws. The required lock-up for the Controlling Shareholders ends on 8 January 2027,
being 12 months following the Listing Date.


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11
Cornerstone Investors
Name
Number of
shares held
in the Company
subject to
lock-up
undertakings
upon listing
Number of
H Shares held
in the Company
subject to
lock-up
undertakings
upon listing
% of total issued
H Shares after
the Global
Offering subject
to lock-up
undertakings
upon listing (Note 1)
% of
shareholding
in the Company
subject to
lock-up
undertakings
upon listing (Note 1)
Last day
subject to the lock-up
undertakings (Note 2)
Glencore International AG 2,593,600 2,593,600 7.05% 1.76% 9 July 2026
Glencore International AG 5,187,200 5,187,200 14.11% 3.53% 9 January 2029 (note 3)
Stoneylake Global Alpha Fund 2,593,600 2,593,600 7.05% 1.76% 9 July 2026
NR 1 SP 2,074,800 2,074,800 5.64% 1.41% 9 July 2026
China Asset Management (Hong Kong)
Limited/၍ଣ (ಥ)ࠢ
ʮ̡
778,000 778,000 2.12% 0.53% 9 July 2026
New Asia Ferrell Asset Management
Limited/ࠢ
ʮ̡
778,000 778,000 2.12% 0.53% 9 July 2026
Bridge Zone Group Limited/ ᑌਹණྠ
ʮ̡
770,200 770,200 2.09% 0.52% 9 July 2026
Zhengxin Group Investment Limited 518,600 518,600 1.41% 0.35% 9 July 2026
Sunwoda Treasury (Hong Kong)
Limited/༺ৌ༟ (ಥ)
ʮ̡
333,200 333,200 0.91% 0.23% 9 July 2026
Subtotal 15,627,200 15,627,200 42.50% 10.63%
Notes:
1. Assuming the Over-allotment Option is not exercised.
2. The Cornerstone Investors will cease to be prohibited from disposing of or transferring H Shares after the indicated date.
3. Glencore International AG has agreed to an additional restriction of which the required lock-up ends on 9 January 2029, being 36 months following the Listing Date.


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12
H SHAREHOLDERS CONCENTRATION ANALYSIS
H Shareholders*
Number of
H Shares
allotted
Allotment
as % of
International
Offering
(assuming
no exercise
of the Over-
allotment
Option)
Allotment
as % of
International
Offering
(assuming
the Over-
allotment
Option is
exercised and
new H Shares
are issued)
Allotment as
% of total
Offer Shares
(assuming
no exercise
of the Over-
allotment
Option)
Allotment as
% of total
Offer Shares
(assuming
the Over-
allotment
Option is
exercised and
new H Shares
are issued)
Number of H
Shares held
upon Listing
% of total
issued H
Shares
capital upon
Listing
(assuming
no exercise
of the Over-
allotment
Option)
% of total
issued H
Shares
capital upon
Listing
(assuming
the Over-
allotment
Option is
exercised and
new H Shares
are issued)
Number of
Shares held
upon Listing
Top 1 7,780,800 23.51% 20.16% 21.16% 18.40% 7,780,800 21.16% 18.40% 7,780,800
Top 5 18,923,200 57.19% 49.02% 51.47% 44.76% 18,923,200 51.47% 44.76% 18,923,200
Top 10 26,564,400 80.28% 68.81% 72.25% 62.83% 26,564,400 72.25% 62.83% 26,564,400
Top 25 36,759,200 111.09% 95.22% 99.98% 86.94% 36,759,200 99.98% 86.94% 36,759,200
Note: Ranking of H Shareholders is based on the number of H Shares held by the H Shareholders upon Listing. This chart also presents the placee concentration
analysis.


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13
SHAREHOLDER CONCENTRATION ANALYSIS
Shareholders
Number of
H Shares
allotted
Allotment
as % of
International
Offering
(assuming
no exercise
of the Over-
allotment
Option)
Allotment
as % of
International
Offering
(assuming
the Over-
allotment
Option is
exercised and
new H Shares
are issued)
Allotment as
% of total
Offer Shares
(assuming
no exercise
of the Over-
allotment
Option)
Allotment as
% of total
Offer Shares
(assuming
the Over-
allotment
Option is
exercised and
new H Shares
are issued)
Number of H
Shares held
upon Listing
Number of
Shares held
upon Listing
% of total
issued share
capital upon
Listing
(assuming
no exercise
of the Over-
allotment
Option)
% of total
issued share
capital upon
Listing
(assuming
the Over-
allotment
Option is
exercised and
new H Shares
are issued)
Top 1 0 0.00% 0.00% 0.00% 0.00% 0 110,204,079 74.94% 72.23%
Top 5 17,373,200 52.50% 45.00% 47.25% 41.09% 17,373,200 127,577,279 86.75% 83.61%
Top 10 25,044,200 75.69% 64.87% 68.12% 59.23% 25,044,200 135,248,279 91.97% 88.64%
Top 25 36,633,200 110.71% 94.90% 99.64% 86.64% 36,633,200 146,837,279 99.85% 96.24%
Note: Ranking of Shareholders is based on the number of Shares (of all classes) held by the Shareholder upon Listing.


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14
BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING
Subject to the satisfaction of the conditions set out in the Prospectus, valid applications made by
the public will be conditionally allocated on the basis set out below:
NO. OF
H SHARES
APPLIED FOR
NO. OF
VALID
APPLICATIONS BASIS OF ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF
THE TOTAL NO.
OF H SHARES
APPLIED FOR
200 36,519 0 H Shares 7.00%200 2,749 200 H Shares
400 2,341 0 H Shares 4.37%400 224 200 H Shares
600 1,019 0 H Shares 3.09%600 104 200 H Shares
800 592 0 H Shares 2.34%800 61 200 H Shares
1,000 3,235 0 H Shares 1.98%1,000 356 200 H Shares
1,200 426 0 H Shares 1.66%1,200 47 200 H Shares
1,400 343 0 H Shares 1.46%1,400 39 200 H Shares
1,600 3,634 0 H Shares 1.32%1,600 429 200 H Shares
1,800 222 0 H Shares 1.24%1,800 28 200 H Shares
2,000 2,166 0 H Shares 1.13%2,000 277 200 H Shares
3,000 1,022 0 H Shares 0.90%3,000 159 200 H Shares
4,000 889 0 H Shares 0.78%4,000 164 200 H Shares
5,000 408 0 H Shares 0.71%5,000 88 200 H Shares
6,000 399 0 H Shares 0.66%6,000 99 200 H Shares
7,000 189 0 H Shares 0.63%7,000 53 200 H Shares
8,000 204 0 H Shares 0.60%8,000 65 200 H Shares
9,000 138 0 H Shares 0.59%9,000 50 200 H Shares
10,000 1,050 0 H Shares 0.57%10,000 417 200 H Shares
20,000 491 0 H Shares 0.52%20,000 531 200 H Shares


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15
NO. OF
H SHARES
APPLIED FOR
NO. OF
VALID
APPLICATIONS BASIS OF ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF
THE TOTAL NO.
OF H SHARES
APPLIED FOR
30,000 132 0 H Shares 0.51%30,000 430 200 H Shares
40,000 478 200 H Shares 0.50%
50,000 180 200 H Shares 0.48%50,000 45 400 H Shares
60,000 97 200 H Shares 0.47%60,000 67 400 H Shares
70,000 57 200 H Shares 0.46%70,000 90 400 H Shares
80,000 25 200 H Shares 0.45%80,000 98 400 H Shares
90,000 58 400 H Shares 0.44%
100,000 501 400 H Shares 0.43%100,000 89 600 H Shares
200,000 625 1,600 H Shares 0.80%
300,000 88 1,800 H Shares 0.60%
400,000 51 2,200 H Shares 0.55%
500,000 19 2,600 H Shares 0.52%
600,000 12 3,000 H Shares 0.50%
700,000 13 3,400 H Shares 0.49%
800,000 8 3,800 H Shares 0.48%
900,000 6 4,200 H Shares 0.47%
1,000,000 9 4,600 H Shares 0.46%
1,200,000 6 5,400 H Shares 0.45%
1,400,000 2 6,200 H Shares 0.44%
1,600,000 8 6,400 H Shares 0.40%
1,838,200 35 7,000 H Shares 0.38%
Total 64,456 3,676,600 H Shares
As of the date of this announcement, the relevant subscription monies previously deposited in the
designated nominee accounts have been remitted back to the accounts of all HKSCC participants.
Investors should contact their relevant brokers for any inquiries.


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16
COMPLIANCE WITH LISTING RULES AND GUIDANCE
The Directors confirm that, except for the Listing Rules that have been waived and/or in respect of
which consent has been obtained, the Company has complied with the Listing Rules and guidance
materials in relation to the placing, allotment and listing of the Company ’s H Shares.
The Directors confirm that, to the best of their knowledge, the consideration paid by the placees
or the public (as the case may be) directly or indirectly for each Offer Share subscribed for or
purchased by them was the same as the Offer Price in addition to any brokerage, AFRC transaction
levy, SFC transaction levy and trading fee payable.
OTHERS/ADDITIONAL INFORMATION
Allocations of Offer Shares to Cornerstone Investor and/or their close associates with consent
under Chapter 4.15 of the Guide
The Company has applied to, and the Stock Exchange has granted, a consent under Chapter 4.15 of
the Guide to permit the Company to allocate further Offer Shares in the International Offering to
Cornerstone Investors and/or their close associates as placees, subject to the following conditions:
(a) the final offering size of the Global Offering (excluding any additional H Shares which may
be issued upon exercise of the Over-allotment Option) will be of a total value of at least
HK$1 billion;
(b) none of the Size-based Exemption Participants were existing shareholders of the Company;
(c) each of the Directors, chief executive and Controlling Shareholders of the Company has
confirmed that no Offer Share have been allocated to them or their respective close associated
under the Size-based Exemption;
(d) none of the Size-based Exemption Participants will become core connected person of the
Company immediately upon the completion of the Global Offering; the Allocation to Size-
based Exemption Participants will not affect the Company ’s ability to satisfy its public float
requirement as prescribed by the Stock Exchange under the waiver from strict compliance
with the requirements of Rule 8.08(1)(a) (as amended and replaced by Rule 19A.13A) of the
Listing Rules
(e) details of the allocation to Cornerstone Investors and/or their close associates will be
disclosed in this announcement.
Such allocations of Offer Shares are in compliance with all the conditions under the consent
granted by the Stock Exchange. For details of the allocations of Offer Shares to the Cornerstone
Investors and/or their close associates, please refer to the section headed “Allotment Results
Details – Allottees with Waivers/Consents Obtained ” in this announcement.


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17
Placing to connected clients with a prior consent under paragraph 1C(1) of the Placing Guidelines
The Company has applied to the Stock Exchange for, and the Stock Exchange has granted, a consent under paragraph 1C of the Placing
Guidelines to permit the Company to allocate the Offer Shares in the International Offering to the connected clients. The allocation of Offer
Shares to such connected clients is in compliance with all the conditions under the consent granted by the Stock Exchange. Details of the
placement to connected clients are set out below:
No. Connected Clients Connected Distributor
Relationship with
the Connected Distributor
Basis of
holding securities
Number of
Offer Shares
(rounded down to
nearest whole
board lots of
200 Shares)
to be allocated
to the connected
client
Appropriate
percentage of
total number
of Offer Shares
(assuming the
Over-allotment
Option is not
exercised)
Approximate
percentage of
total Shares
in issue
immediately
following the
completion of
Global Offering
(assuming the
Over-allotment
Option is not
exercised)
1. Huatai Capital Investment
Limited ( “HTCI”)(1)
Huatai Financial Holdings
(Hong Kong) Limited
(“Huatai ”)
HTCI and Huatai are group companies
within the same group
Non-discretionary 403,600 1.10% 0.27%
2. CSOP Asset Management
Limited ( “CSOP AM ”)(2)
Huatai CSOP AM and Huatai are group
companies within the same group
Discretionary 20,000 0.05% 0.01%
3. CITIC Securities International Capital
Management Limited ( “CSI”)(3)
CLSA Limited ( “CLSA”) CSI and CLSA are group companies
within the same group
Non-discretionary 182,600 0.50% 0.12%
4. CITIC Securities Asset Management
Company Limited ( “CITIC
SAMC”)(4)
CLSA CITIC AMC and CLSA are group
companies within the same group
Discretionary 36,000 0.10% 0.02%
5. China Asset Management (Hong Kong)
Limited ( “China AMC (HK) ”)(5)
CLSA China AMC (HK) and CLSA are group
companies within the same group
Discretionary 1,556,000 4.23% 1.06%
Futu Securities International
(Hong Kong) Limited
(“Futu”)
One of the public funds managed by
ChinaAMC (HK) is distributed by
Futu and ultimately 74.29% held by
Futu’s clients.
6. ABCI Asset Management Limited
(“ABCI AM ”)(6)
ABCI Capital Limited
(“ABCI Capital ”)
and ABCI Securities
Company Limited ( “ABCI
Securities ”)
ABCI AM, ABCI Capital and ABCI
Securities are group companies
within the same group
Discretionary 1,000 0.003% 0.001%


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18
Notes:
1. PRC investors are currently not permitted under applicable PRC laws to participate directly in initial public
offerings ( “IPOs”) in Hong Kong. However, PRC investors are permitted to invest in products issued by
appropriate domestic securities firms licensed to undertake cross-border derivatives trading activities. In
connection with such products, the licensed domestic securities firms, through their Hong Kong affiliates, may
participate in Hong Kong IPOs either as placees or cornerstone investors (the “Cross-border Derivatives
Trading Regime ”).
Huatai Securities Co., Ltd. ( “Huatai Securities ”), the shares of which are listed on both the Shanghai Stock
Exchange (stock code: 601688) and the Stock Exchange (stock code: 6886), is one of the domestic securities
firms licensed to undertake cross-border derivatives trading activities. Huatai Securities entered into an ISDA
agreement (the “ISDA Agreement ”) with its indirectly wholly-owned subsidiary, HTCI, to set out the principal
terms of any future total return swap between Huatai Securities and HTCI.
Huatai is the Sole Sponsor and one of the Overall Coordinators and Underwriters in connection with the Global
Offering. Pursuant to an ISDA agreement entered into between Huatai Securities and HTCI, HTCI will hold
the beneficial interest of the Offer Shares on a non-discretionary basis as the single underlying holding under
a back-to-back total return swap ( “Huatai Back-to-back TRS ”) to be entered by HTCI in connection with a
Client TRS (as defined below) placed by and fully funded (i.e. with no financing provided by HTCI) by Huatai
Ultimate Clients (as defined below), by which, HTCI will, subject to customary fees and commissions, pass the
full economic exposure of the Offer Shares ultimately to the Huatai Ultimate Clients, which in effect, HTCI will
hold the beneficial interest of the Offer Shares on behalf of the Huatai Ultimate Clients.
HTCI and Huatai are both indirectly wholly-owned subsidiaries of Huatai Securities. Accordingly, HTCI is
considered as a “connected client ” of Huatai pursuant to paragraph 1B(7) of the Placing Guidelines.
Pursuant to the Cross-border Derivatives Trading Regime, the onshore investors ( “Huatai Ultimate Clients ”)
cannot directly subscribe for the Offer Shares but may invest in derivative products issued by domestic
securities firms licenced to undertake cross-border derivatives trading activities, such as Huatai Securities,
with the Offer Shares as the underlying assets. Instead of directly subscribing for the Offer Shares, the Huatai
Ultimate Clients, through their investment managers, will place a total return swap order ( “Client TRS ”) with
Huatai Securities in connection with the Company ’s IPO and Huatai Securities will place a Huatai Back-to-back
TRS order to HTCI on the terms of the ISDA Agreement. In order to hedge its exposure under the Huatai Back-
to-back TRS, HTCI participates in the Company ’s IPO and subscribes the Offer Shares through placing order
with Huatai during the International Offering.
To the best of HTCI ’s knowledge and after making all reasonable enquiries, each of the Huatai Ultimate Clients
is an independent third party of (i) the Company, the connected person and/or their respective associates thereof,
and (ii) HTCI, Huatai and the companies which are members of the same group of HTCI.
The purpose of HTCI to subscribe for the Offer Shares is for hedging the Huatai Back-to-back TRS in
connection with the Client TRS order placed by the Huatai Ultimate Clients. Pursuant to the terms of the
contracts of the Huatai Back-to-back TRS and the Client TRS, during the tenor of the Huatai Back-to-back TRS
and the Client TRS, subject to customary fees and commissions, all economic returns of the Offer Shares will be
ultimately passed to the Huatai Ultimate Clients through the Huatai Back-to-back TRS and the Client TRS and
all economic loss shall be ultimately borne by the Huatai Ultimate Clients. HTCI will not take any economic
return or bear any economic loss in relation to the Offer Shares.


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19
Investment in the Huatai Back-to-back TRS and the Client TRS is similar to the investment in a qualified
domestic institutional investor fund ( “QDII”) in the way that the Huatai Ultimate Clients would reap all the
economic benefits of the underlying Offer Shares, except that a QDII fund would pass through the exchange rate
exposure on both the notional value of the investment and the profit and loss of the investment. In contrast, the
profit and loss of the Huatai Back-to-back TRS and the Client TRS factor into account the fluctuation in RMB
exchange rate upon termination of the Client TRS by converting the profit and loss using the current exchange
rate at the time of termination. As such, the Huatai Ultimate Clients would bear the exchange rate exposure of
the profit and loss on settlement date.
The Huatai Ultimate Clients may exercise an early termination right to terminate the Client TRS at any time
from the issue date of the Client TRS which should be on or after the date on which the Offer Shares are listed
on the Stock Exchange at their own discretions. Upon the termination upon maturity or early termination of
the Client TRS by the Huatai Ultimate Clients, HTCI will dispose the Offer Shares on the secondary market
and the Huatai Ultimate Clients will receive a final settlement amount in cash in accordance with the terms and
conditions of the Huatai Back-to-back TRS and the Client TRS which should have taken into account all the
economic returns or economic loss in relation to the Offer Shares. If upon the maturity of the Client TRS, the
Huatai Ultimate Clients intend to extend the investment period, subject to further agreement between Huatai
Securities and the relevant Huatai Ultimate Clients, the term of the Client TRS could be extended by way of a
new issuance or a tenor extension. Accordingly, Huatai Securities will extend the term of the Huatai Back-to-
back TRS by way of a new issuance or a tenor extension.
It is proposed that HTCI will hold the legal title and the voting right of the Offer Shares by itself, and pass
through the economic exposure to the Huatai Ultimate Clients, each being an onshore client who places a Client
TRS order with Huatai Securities in connection with the IPO of the Company. HTCI will not exercise the voting
right of the Offer Shares during the tenor of the Huatai Back-to-back TRS.
During the life of the Client TRS and Huatai Back-to-back TRS, HTCI may continue to hold the Offer Shares
in its custodian account, or to hold some or all of the Offer Shares in a prime brokerage account for stock
borrowing purposes, HTCI will lend out its holding of underlying Offer Shares in the form of stock borrowing
loans consistent with market practice to lower its finance costs, provided that HTCI has the ability to call back
the Offer Shares on loan at any time in order to satisfy its obligations under the Huatai Back-to-back TRS to
ensure the economic interests are ultimately passed to the Huatai Ultimate Clients.
2. CSOP AM is the discretionary investment manager of China New Balance Opportunity Fund (the “CSOP AM
Ultimate Client ”) whose investors are, to the best of CSOP AM ’s knowledge, independent third parties of
the Connected Clients, Huatai and the companies which are members of the same group of Huatai. The only
ultimate beneficial owner holding 30% or more interest of the CSOP AM Ultimate Client is CMB Wing Lung
(Nominee) Ltd. CSOP AM makes investment decisions for CSOP AM Ultimate Client.
Huatai indirectly holds 21.609% shares of CSOP AM. CSOP AM is therefore considered as a connected client
of Huatai pursuant to paragraph 1B(7) of the Placing Guidelines.


--- page 20 ---
20
3. CSI will act as the single counterparty of a back-to-back total return swap transaction (the “CSI Back-to-
back TRS ”) to be entered into by CSI in connection with a total return swap order (the “CSI Client TRS ”)
placed and fully funded by its ultimate clients (the “CSI Ultimate Client(s) ”), by which CSI will pass the full
economic exposure of the Offer Shares placed to CSI to the CSI Ultimate Clients.
CSI will hold the Offer Shares but will contractually agree to pass on the full economic exposure to the CSI
Ultimate Clients, on a non-discretionary basis. The CSI Ultimate Client may exercise an early termination right
to early terminate the CSI Client TRS at any time from the trade date of the CSI Client TRS which should
be on or after the date on which the Offer Shares are listed on the Stock Exchange. Upon the final maturity
or termination of the CSI Client TRS by the CSI Ultimate Client, CSI will dispose of the Offer Shares on the
secondary market and the CSI Ultimate Client will receive a final termination amount of the CSI Back-to-back
TRS which will taken into account all the economic returns or economic loss in relation to the Offer Shares and
the fixed amount of transaction fees of the CSI Back-to-back TRS and the CSI Client TRS. CSI will not exercise
the voting right of the Offer Shares during the terms of the CSI Back-to-back TRS.
To the best of CSI ’s knowledge after having made all reasonable inquiries, each of the CSI Ultimate Clients is
an independent third party of the Company its subsidiaries, CSI, CLSA and the companies which are members
of the same group of CLSA.
CSI is a wholly owned subsidiary of CITIC Securities Investment Limited ( “CITIC Securities Investment ”),
which is wholly owned by CITIC Securities Company Limited (ʮ̡ ) (“CITIC Securities ”).
CITIC Securities is the holding company of CLSA, one of the Overall Coordinators and Underwriters of the
Global Offering. Therefore, CSI and CLSA are members of the same group of companies and CSI is a connected
client of CLSA. The participation of CSI as placee in the International Offering would constitute an allocation
to connected clients of the CLSA.
4. CITIC SAMC is a wholly owned subsidiary of CITIC Securities Investment, which is wholly owned by CITIC
Securities. CITIC Securities is the holding company of CLSA, one of the Overall Coordinators and Underwriters
of the Global Offering. Therefore, CITIC SAMC and CLSA are members of the same group of companies and
CITIC SAMC is a connected client of CLSA. The participation of CITIC SAMC as placee in the International
Offering would constitute an allocation to connected clients of the CLSA.
CITIC SAMC will hold the Offer Shares on behalf of underlying funds who are independent third parties on
a discretionary basis. To the best of CITIC SAMC ’s knowledge, none of the ultimate beneficial owners holds
more than 30% ultimate beneficial interest in the underlying funds.
5. ChinaAMC (HK) is a SFC licensed corporation carrying out types 1, 4 and 9 regulated activities in Hong
Kong. As the discretionary fund manager of the fund which participates in the placing of the International
Offering, ChinaAMC (HK) is fully responsible for the daily management and make investment decisions for the
underlying investors. All participants in the placing are Hong Kong based public funds. One of the Hong Kong-
based public funds participating in the International Offering under the management of ChinaAMC (HK) is
distributed by Futu and ultimately 74.29% held by clients of Futu.
6. ABCI AM is a member of the same group of companies as ABCI Capital and ABCI Securities, and ABCI AM is
therefore a “connected client ” of ABCI Capital and ABCI Securities.
ABCI AM intends to hold the Offer Shares in its capacity as manager managing investment portfolios on behalf
of underlying investors (the “ABCI AM Ultimate Clients ”) who are independent third parties on a discretionary
basis.
To the best knowledge of ABCI AM, each of the ABCI AM Ultimate Clients is an independent third party of the
Company, its subsidiaries, its substantial shareholders, ABCI Capital, ABCI Securities and the companies which
are members of the same group of companies as ABCI Capital and ABCI Securities.
ABCI AM also confirms that it will not hold any Offer Shares placed to it on a proprietary basis for itself or for
any group member of ABCI, and will be held by it on behalf of independent third parties.


--- page 21 ---
21
DISCLAIMERS
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the
“Stock Exchange ”) and Hong Kong Securities Clearing Company Limited ( “HKSCC ”) take no
responsibility for the contents of this announcement, make no representation as to its accuracy
or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising
from or in reliance upon the whole or any part of the contents of this announcement.
This announcement is not for release, publication, distribution, directly or indirectly, in or into
the United States (including its territories and possessions, any state of the United States and
the District of Columbia). This announcement does not constitute or form a part of any offer or
solicitation to purchase or subscribe for securities in the United States. The securities mentioned
herein have not been, and will not be, registered under the United States Securities Act of 1933,
as amended (the “U.S. Securities Act ”). The securities may not be offered or sold in the United
States except pursuant to an exemption from the registration requirements of the U.S. Securities
Act and in compliance with any applicable state securities laws, or outside the United States
unless in compliance with Regulation S under the U.S. Securities Act. There will be no public
offer of securities in the United States.
The Offer Shares are being offered and sold (1) solely to qualified institutional buyers as defined
in Rule 144A under the U.S. Securities Act pursuant to an exemption from registration under
the U.S. Securities Act and (2) outside the United States in offshore transactions in reliance on
Regulation S under the U.S. Securities Act.
This announcement is for information purposes only and does not constitute an invitation or
offer to acquire, purchase or subscribe for securities. This announcement is not a prospectus.
Potential investors should read the Prospectus dated 31 December 2025 issued by Yunnan Jinxun
Resources Co., Ltd. for detailed information about the Global Offering described below before
deciding whether or not to invest in the Shares thereby being offered.
* Potential investors of the Offer Shares should note that the Joint Representatives (for
themselves and on behalf of the Hong Kong Underwriters) shall be entitled to terminate their
obligations under the Hong Kong Underwriting Agreement with immediate effect upon the
occurrence of any of the events set out in the paragraph headed “Underwriting – Underwriting
Arrangements and Expenses – Hong Kong Public Offering – Hong Kong Underwriting
Agreement – Grounds for Termination ” in the Prospectus at any time prior to 8:00 a.m. (Hong
Kong time) on the Listing Date (which is currently expected to be on 9 January 2026).


--- page 22 ---
22
PUBLIC FLOAT AND FREE FLOAT
Immediately following the completion of the Global Offering (before any exercise of the Over-
allotment Option), based on the Offer Price of HK$30.00 per H Share:
(1) 36,765,600 H Shares, representing approximately 25.0% of the total number of issued
Shares will be counted towards the public after Listing, which will satisfy the public float
requirement under Rule 19A.13A of the Listing Rules; and
(2) the Company satisfies the free float requirement pursuant to Rule 19A.13C(1) of the Listing
Rules.
COMMENCEMENT OF DEALINGS
H Share certificates will only become valid evidence of title at 8:00 a.m. on Friday, January
9, 2026 (Hong Kong time), provided that the Global Offering has become unconditional in all
respects and the right of termination described in the paragraph headed “Grounds for Termination ”
under the section headed “Underwriting ” in the Prospectus has not been exercised and has lapsed.
Investors who trade H Shares prior to the receipt of H Share certificates or the H Share certificates
becoming valid evidence of title do so entirely at their own risk.
Assuming that the Hong Kong Public Offering becomes unconditional at or before 8:00 a.m. in
Hong Kong on Friday, January 9, 2026, it is expected that dealings in the H Shares on the Stock
Exchange will commence at 9:00 a.m. on Friday, January 9, 2026. The H Shares will be traded in
board lots of 200 Shares each. The stock code of the H Shares will be 3636.
By order of the Board
Yunnan Jinxun Resources Co., Ltd.
Mr. Yuan Rong
Chairman of the Board, Executive Director and Chief Executive Officer
Hong Kong, January 8, 2026
As at the date of this announcement, the Board comprises (i) Mr.Yuan Rong, Ms. Yuan Mei and
Mr. Yang Yongchang as executive Directors; and (ii) Ms. Zheng Dongyu, Mr. Xia Hongying and
Mr. Wong Hok Bun Mario as independent non-executive Directors.
