hk-ipo/data/extracted_text/03858/allotment_results_2025-08-27_2025082702293.txt

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Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the “Hong Kong 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.
Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meanings as
those defined in the prospectus dated August 20, 2025 (the “Prospectus ”) issued by Jiaxin International Resources
Investment Limited (ʮ̡ ) (the “Company ”).
This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase
or subscribe for any securities of our Company. This announcement is not a prospectus. Potential investors should read
the Prospectus for detailed information about our Company and the Global Offering described below before deciding
whether or not to invest in the Offer Shares. Any investment decision in relation to the Offer Shares should be taken
solely in reliance on the information provided in the Prospectus.
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 or in any other jurisdiction. The Offer Shares have not been, and will not be, registered under
the United States Securities Act of 1933, as amended from time to time (the “U.S. Securities Act ”) or securities law
of any state or other jurisdiction of the United States and may not be offered, sold, pledged or otherwise transferred
within the United States, except in transactions exempt from, or not subject to, the registration requirements of the U.S.
Securities Act. The Company has not intended and does not intend to make any public offer of securities 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, China International Capital Corporation Hong Kong Securities Limited,
as stabilizing manager (the “Stabilizing Manager ”), its affiliates or any person acting for it, on behalf of the
Underwriters, to the extent permitted by the applicable laws and regulatory requirements of Hong Kong or elsewhere,
may over-allocate or effect transactions with a view to stabilizing or supporting the market price of the Shares at such
price, in such amounts and in such manners as the Stabilizing Manager, its affiliates or any person acting for it may
determine and at a level higher than that which might otherwise prevail for a limited period after the Listing Date.
However, there is no obligation on the Stabilizing Manager, or its affiliates or any person acting for it, to conduct
any such stabilizing action. Such stabilizing action, if taken, (a) will be conducted at the absolute discretion of the
Stabilization Manager, or its affiliates or any person acting for it, and in what the Stabilizing Manager reasonably
regards as the best interest of our Company, (b) may be discontinued at any time and (c) is required to be brought to an
end within 30 days of the last day for lodging applications under the Hong Kong Public Offering (which is Wednesday,
September 24, 2025). Such stabilizing action, if taken, may 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).
The Hong Kong Offer Shares will be offered to the public in Hong Kong subject to the terms and conditions set out
in the Prospectus. The Hong Kong Offer Shares will not be offered to any person who is outside Hong Kong and/
or not resident in Hong Kong. Potential investors of the Offer Shares should note that the Sole Sponsor and the
Sole Representative (for itself and on behalf of the other Hong Kong Underwriters) shall, in their sole and absolute
discretion, be entitled to terminate the Hong Kong Underwriting Agreement with immediate effect upon the occurrence
of any of the events set out in the section headed “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 on Thursday, August 28, 2025).


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Jiaxin International Resources Investment Limited
ʮ̡
(Incorporated in Hong Kong with limited liability)
(Stock Code: 3858)
Global Offering
Number of Offer Shares under the
Global Offering
: 109,808,800 Shares (subject to the
 Over-allotment Option)
Number of Hong Kong Offer
Shares
: 10,981,200 Shares
Number of International Offer
Shares
: 98,827,600 Shares (subject to the
 Over-allotment Option)
Offer Price : HK$10.92 per Share, plus brokerage
 of 1.0%, SFC transaction levy of
 0.0027%, AFRC transaction levy of
 0.00015% and Hong Kong Stock
 Exchange trading fee of 0.00565%
Stock code : 3858
Sole Sponsor, Sole Representative and Sole Sponsor-Overall Coordinator
Overall Coordinators, Joint Global Coordinators,
Joint Bookrunners and Joint Lead Managers
Joint Bookrunners and Joint Lead Managers
CMB International Celestial Securities ABCI Tiger AVIC INTERNATIONAL
Joint Lead Manager
Lighthouse Capital


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Jiaxin International Resources Investment Limited/
ʮ̡
ANNOUNCEMENT OF ALLOTMENT RESULTS
Unless otherwise defined herein, capitalised terms used in this announcement shall have the
same meanings as those defined in the prospectus dated August 20, 2025 (the “Prospectus ”)
issued by Jiaxin International Resources Investment Limited (ʮ̡ ) (the
“Company ”).
SUMMARY
Warning: In view of high concentration of shareholding in a small number of Shareholders,
Shareholders and prospective investors should be aware that the price of the Shares could
move substantially even with a small number of Shares traded and should exercise extreme
caution when dealing in the Shares.
Company information
Stock code 3858
Stock short name JIAXIN INTL RES
Dealings commencement date August 28, 2025*
* see note at the end of the announcement
Price Information
Offer Price HK$10.92
Offer Price Adjustment exercised N/A
Offer Shares and Share Capital
Number of Offer Shares 109,808,800
Final Number of Offer Shares in Public Offer 10,981,200
Final Number of Offer Shares in International Offer 98,827,600
Number of issued shares upon Listing (before exercise
 of the Over-allotment Option)
439,228,800
Over-allocation
Number of Offer Shares over-allocated 16,471,200
Note:  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 a combination of these means. In the event
of the Over-allotment Option is exercised, an announcement will be made on the Stock Exchange ’s website.


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Proceeds
Gross proceeds (Note) HK$1,199.1 million
  Less:  Estimated listing expenses payable based on
Offer Price
HK$ (111.4) million
Net proceeds HK$1,087.7 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 section headed “Future Plans and Use of Proceeds ” of the Prospectus. In the
event that the Over-allotment Option is exercised, the Company will adjust the allocation of the net proceeds
for the purposes as set out in the section headed “Future Plans and Use of Proceeds ” of the Prospectus on a
pro rata basis.
ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFERING
No. of valid applications 164,446
No. of successful applications 24,905
Subscription level 2,041.62 times
Claw-back triggered No
No. of Offer Shares initially available under the Public Offer 10,981,200
Final no. of Offer Shares under the Public Offer 10,981,200
% of Offer Shares under the Public Offer to the Global
 Offering
10%
Note:  For details of the final allocation of shares to the Hong Kong Public Offering, investors can refer to
https://www.eipo.com.hk/eIPOAllotment/  to perform a search by identification number or
https://www.eipo.com.hk/eIPOAllotment/  for the full list of allottees.
INTERNATIONAL OFFERING
No. of placees (including 6 placees in the AIX Offering) 149
Subscription Level 21.11 times
No. of Offer Shares initially available under the
 International Offer (including 1,317,600 Shares under
 the AIX offering)
98,827,600
Final no. of Offer Shares under the International Offer
 (including 1,317,600 Shares under the AIX offering)
98,827,600
% of Offer Shares under the International Offer to the
 Global Offering
90%


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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.
The placees in the International Offering include the following:
Cornerstone Investors
Investor Note
Number of
Offer Shares
allocated
% of Offer Shares
(assuming the
Over-allotment
Option is not
exercised)
% of the total
issued Shares
after the Global
Offering
(assuming the
Over-allotment
Option is not
exercised)
Existing
shareholders
or their close
associates
CHINA CINDA (HK) ASSET
MANAGEMENT CO., LIMITED
(༺ (ಥ)ʮ̡ )
27,472,400 25.02 6.25 No
LUYIN TRADING PTE. LTD.
(ʮ̡ )
9,157,200 8.34 2.08 No
GF Fund Management Co., Ltd. 6,182,000 5.63 1.41 No
GF International Investment Management
Limited
4,600,400 4.19 1.05 No
Fullgoal Asset Management (HK) Limited 2,150,000 1.96 0.49 No
Fullgoal Fund Management Co., Ltd. 2,428,400 2.21 0.55 No
Zhengxin Group Investment Limited 2,914,000 2.65 0.66 No
Total 54,904,400 50.00 12.50
Note: For further details of the Cornerstone Investors, please refer to the section headed “Cornerstone Investors ” in
the Prospectus.


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Allotees with Waivers/Consents Obtained
Investor
Number of Offer
Shares allocated
% of the Offer Shares
(assuming the Over-
allotment Option is
not exercised) (Note 3)
% of total issued
share capital after
the Global Offering
(assuming the Over-
allotment Option is
not exercised) Relationship
Allotees with consent under Chapter 4.15 of the Guide for New Listing Applicants in relation to allocations of further Shares to the
Cornerstone Investors and/or their close associates (Note 1)
GF Fund Management Co., Ltd. 790,400 0.72% 0.18% Same entity as
Cornerstone Investor
GF International Investment Management
Limited
6,397,600 5.83% 1.46% Same entity as
Cornerstone Investor
GF Global Capital Limited 800 0.00073% 0.00018% GF Global Capital
Limited is a close
associate of each of
GF Fund Management
Co., Ltd. and
GF International
Investment
Management Limited
Fullgoal Asset Management (HK) Limited 735,600 0.67% 0.17% Same entity as
Cornerstone Investor
Fullgoal Fund Management Co., Ltd. 2,011,600 1.83% 0.46% Same entity as
Cornerstone Investor
Zhengxin Group Investment Limited 2,725,600 (Note 2) 2.48% 0.62% Same entity as
Cornerstone Investor
Allotees with consent under paragraph 1C(1) of the Placing Guidelines and Chapter 4.15 of the Guide for New Listing Applicants in
relation to allocations to connected clients (Note 3)
CICC Financial Trading Limited (CICC FT) 749,600 0.68% 0.17% Connected client
CITIC Securities International Capital
Management Limited ( “CSI”)
1,326,800 1.21% 0.30% Connected client
HSBC Global Asset Management (Hong
Kong) Limited ( “HSBC AM ”)
215,600 0.19% 0.04% Connected client
Bosera Asset Management (International)
Co., Ltd ( “Bosera AM ”)
143,600 0.13% 0.03% Connected client
China Asset Management (Hong Kong)
Limited ( “China AMHK ”)
143,600 0.13% 0.03% Connected client


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(1) 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 – International Offering – 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 the existing Shareholders and/or their close associates and Cornerstone
investors, please refer to the section headed “Others/Additional Information – Allocations of Offer Shares to a close associate of an existing Shareholder and
a close associate of a Cornerstone Investor with consent under Chapter 4.15 of the Guide for New Listing Applicants ” in this announcement.
(2) Among which Zhengxin Group Investment Limited was allocated 1,296,000 Shares under the AIX Offering and 1,429,600 Shares under the non-AIX
Offering tranche of the International Offering.
(3) For details of the consent under paragraph 1C(1) of the Placing Guidelines and Chapter 4.15 of the Guide for New Listing Applicants in relation to
allocations to connected client, 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.
The Shares placed to such allottees are held on behalf of independent third parties (as defined in Chapter 4.15 of the Guide for New Listing Applicants
and are in compliance with all the conditions under the consent granted by the Hong Kong Stock Exchange. For details of the consent under paragraph
1C(1) of the Placing Guidelines and Chapter 4.15 of the Guide for New Listing Applicants 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.


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LOCK-UP UNDERTAKINGS
Controlling Shareholders
Name
Number of Shares
held in the Company
subject to lock-up
undertakings upon
listing
% of total issued
Shares after the Global
Offering subject to
lock-up undertakings
upon listing (assuming
the Over-allotment
Option is not
exercised)
Last day subject to the
lock-up undertakings
Note 1
Jiangxi Copper Company Limited
 (ʮ̡ )
137,200,000 31.24 February 27, 2026
(First Six-Month
Period) Note 2
August 27, 2026
(Second Six-Month
Period) Note 3
Jiangxi Copper (Hong Kong)
Investment Company Limited
 ( ϪГზุ (ಥ)ʮ̡ )
137,200,000 31.24 February 27, 2026
(First Six-Month
Period) Note 2
August 27, 2026
(Second Six-Month
Period) Note 3
Mr. Liu Zijia ( ᄎɿྗ) 142,800,000 32.51 February 27, 2026
(First Six-Month
Period) Note 2
August 27, 2026
(Second Six-Month
Period) Note 3
Ever Trillion International Limited
 (ʮ̡ )
142,800,000 32.51 February 27, 2026
(First Six-Month
Period) Note 2
August 27, 2026
(Second Six-Month
Period) Note 3
Notes:
(1) In accordance with the relevant Listing Rule/guidance materials, the required lock-up for the first six-month
period ends on February 27, 2026 and for the second six-month period ends on August 27, 2026.
(2) The Controlling Shareholders may dispose of or transfer Shares after the indicated date subject to that the
Controlling Shareholders will not cease to be a Controlling Shareholder.
(3) The Controlling Shareholders will cease to be prohibited from disposing of or transferring Shares after the
indicated date.


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Pre-IPO Investors
Name
Number of Shares held
in the Company subject
to lock-up undertakings
upon listing
% of total issued
Shares after the Global
Offering subject to
lock-up undertakings
upon listing (assuming
the Over-allotment
Option is not
exercised)
Last day subject to the
lock-up undertakings
Jiangxi Copper (Hong Kong)
Investment Company Limited
(ϪГზุ (ಥ)ʮ̡ )Note 1
137,200,000 31.24 Subject to the
lock-up requirements
under Rule 10.07
of the Listing Rules
February 27, 2026
(First Six-Month Period)
August 27, 2026
(Second Six-Month
Period)
CRCC International Investment
Group Limited (਷ყ
ʮ̡ )Note 1
32,956,000 7.50 Not subject to lock-up
CCECC (H.K.) Limited
(ʕɺʈ೻ (ಥ)ʮ̡ )Note 1
16,464,000 3.75 Not subject to lock-up
Subtotal 186,620,000 42.49
Notes:
(1) Please refer to the section headed “History and Corporate Structure – Pre-IPO Investments – Principal Terms
of the Pre-IPO Equity Financing ” in the Prospectus for details of the Pre-IPO Investors.


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Cornerstone Investors
Name
Number of Shares held
in the Company subject
to lock-up undertakings
upon listing
% of total issued Shares
after the Global Offering
subject to lock-up
undertakings upon listing
(assuming the Over-
allotment Option is not
exercised)
Last day subject to the
lock-up undertakings Note 1
CHINA CINDA (HK) ASSET
MANAGEMENT CO., LIMITED
(༺ (ಥ)ʮ
̡)
27,472,400 6.25 February 27, 2026
LUYIN TRADING PTE. LTD.
(ʮ̡ )
9,157,200 2.08 February 27, 2026
GF Fund Management Co., Ltd. 6,182,000 1.41 February 27, 2026
GF International Investment
Management Limited
4,600,400 1.05 February 27, 2026
Fullgoal Asset Management (HK)
Limited
2,150,000 0.49 February 27, 2026
Fullgoal Fund Management Co., Ltd. 2,428,400 0.55 February 27, 2026
Zhengxin Group Investment Limited 2,914,000 0.66 February 27, 2026
Total 54,904,400 12.50
Notes:
(1) In accordance with the relevant cornerstone investment agreements, the required lock-up ends on February
27, 2026. The Cornerstone Investors will cease to be prohibited from disposing of or transferring Shares
subscribed for pursuant to the relevant cornerstone investment agreements after the indicated date.


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PLACEE CONCENTRATION ANALYSIS
Placees
Number
of 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 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 Shares
are issued)
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 Shares
are issued)
Top 1 27,472,400 27.80% 23.83% 25.02% 21.76% 27,472,400 6.25% 6.03%
Top 5 71,083,600 71.93% 61.65% 64.73% 56.29% 71,083,600 16.18% 15.60%
Top 10 88,627,200 89.68% 76.87% 80.71% 70.18% 88,627,200 20.18% 19.45%
Top 25 102,654,000 103.87% 89.03% 93.48% 81.29% 102,654,000 23.37% 22.53%
Notes
* Ranking of placees is based on the number of Shares allotted to the placees.
SHAREHOLDERS CONCENTRATION ANALYSIS
Shareholders
Number
of 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 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 Shares
are issued)
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 Shares
are issued)
Top 1 0 0.00% 0.00% 0.00% 0.00% 142,800,000 32.51% 31.34%
Top 5 45,443,600 45.98% 39.41% 41.38% 35.99% 374,863,600 85.35% 82.26%
Top 10 80,386,000 81.34% 69.72% 73.21% 63.66% 409,806,000 93.30% 89.93%
Top 25 101,190,800 102.39% 87.76% 92.15% 80.13% 430,610,800 98.04% 94.49%
Notes
* Ranking of Shareholders is based on the number of Shares held by the Shareholders upon Listing.


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BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING
NO. OF
SHARES
APPLIED
FOR
NO. OF
VALID
APPLICATIONS BASIS OF ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF
THE TOTAL NO.
OF SHARES
APPLIED FOR
POOL A
400 32,713 327 out of 32,713 to receive 400 Shares 1.00%
800 20,989 357 out of 20,989 to receive 400 Shares 0.85%
1,200 6,400 133 out of 6,400 to receive 400 Shares 0.69%
1,600 6,248 152 out of 6,248 to receive 400 Shares 0.61%
2,000 6,379 175 out of 6,379 to receive 400 Shares 0.55%
2,400 2,694 82 out of 2,694 to receive 400 Shares 0.51%
2,800 1,978 66 out of 1,978 to receive 400 Shares 0.48%
3,200 1,726 62 out of 1,726 to receive 400 Shares 0.45%
3,600 1,437 55 out of 1,437 to receive 400 Shares 0.43%
4,000 11,303 457 out of 11,303 to receive 400 Shares 0.40%
6,000 3,530 179 out of 3,530 to receive 400 Shares 0.34%
8,000 5,176 307 out of 5,176 to receive 400 Shares 0.30%
10,000 3,161 211 out of 3,161 to receive 400 Shares 0.27%
12,000 2,213 153 out of 2,213 to receive 400 Shares 0.23%
14,000 1,678 129 out of 1,678 to receive 400 Shares 0.22%
16,000 1,668 140 out of 1,668 to receive 400 Shares 0.21%
18,000 1,638 147 out of 1,638 to receive 400 Shares 0.20%
20,000 6,023 572 out of 6,023 to receive 400 Shares 0.19%
30,000 4,243 573 out of 4,243 to receive 400 Shares 0.18%
40,000 3,616 579 out of 3,616 to receive 400 Shares 0.16%
50,000 2,765 518 out of 2,765 to receive 400 Shares 0.15%
60,000 2,085 438 out of 2,085 to receive 400 Shares 0.14%
70,000 1,604 365 out of 1,604 to receive 400 Shares 0.13%
80,000 1,473 354 out of 1,473 to receive 400 Shares 0.12%
90,000 1,424 352 out of 1,424 to receive 400 Shares 0.11%
100,000 6,940 1,735 out of 6,940 to receive 400 Shares 0.10%
200,000 3,308 1,489 out of 3,308 to receive 400 Shares 0.09%
300,000 2,521 1,513 out of 2,521 to receive 400 Shares 0.08%
400,000 3,009 2,107 out of 3,009 to receive 400 Shares 0.07%
149,942
Total number of Pool A successful
applicants: 13,727


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13
NO. OF
SHARES
APPLIED
FOR
NO. OF
VALID
APPLICATIONS BASIS OF ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF
THE TOTAL NO.
OF SHARES
APPLIED FOR
POOL B
500,000 3,599 2,257 out of 3,599 to receive 400 Shares 0.05%
600,000 1,866 1,352 out of 1,866 to receive 400 Shares 0.05%
700,000 1,342 975 out of 1,342 to receive 400 Shares 0.04%
800,000 1,286 941 out of 1,286 to receive 400 Shares 0.04%
900,000 773 570 out of 773 to receive 400 Shares 0.03%
1,000,000 2,154 1,599 out of 2,154 to receive 400 Shares 0.03%
1,500,000 1,004
400 Shares plus 7 out of 1,004 to receive
additional 400 Shares 0.03%
2,000,000 710
400 Shares plus 208 out of 710 to receive
additional 400 Shares 0.03%
2,500,000 379
400 Shares plus 210 out of 379 to receive
additional 400 Shares 0.02%
3,000,000 279
400 Shares plus 220 out of 279 to receive
additional 400 Shares 0.02%
3,500,000 171 800 Shares 0.02%
4,000,000 187
800 Shares plus 91 out of 187 to receive
additional 400 Shares 0.02%
4,500,000 136
800 Shares plus 93 out of 136 to receive
additional 400 Shares 0.02%
5,000,000 77
800 Shares plus 66 out of 77 to receive
additional 400 Shares 0.02%
5,490,400 541 1,200 Shares 0.02%
14,504
Total number of Pool B successful
applicants: 11,178
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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14
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 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 a close associate of an existing Shareholder and a close
associate of a Cornerstone Investor with consent under Chapter 4.15 of the Guide for New
Listing Applicants
The Company has applied to, and the Hong Kong Stock Exchange has granted, a consent under
Chapter 4.15 of the Guide for New Listing Applicants to permit the Company to allocate further
Offer Shares in the International Offering to a close associate of an existing Shareholder and a
close associate of a Cornerstone Investor as placees (the “Size-based Exemption Participants ”),
subject to the following conditions (the “Size-based Exemption ”):
(a) the final offering size of the Global Offering, excluding any over-allocation, will be of a
total value of at least HK$1 billion;
(b) the Offer Shares allocated to the Size-based Exemption Participants (whether as
Cornerstone Investors and/or as placees) as permitted under this exemption do not exceed
30% of the total number of Shares offered under the Global Offering;
(c) each Director, chief executive and Supervisor and member of the group of Controlling
Shareholders of the Company confirms that no securities have been allocated to them or
their respective close associates under the Size-based Exemption;
(d) the allocation to Size-based Exemption Participants will not affect the Company ’s ability to
satisfy its public float requirement under Rule 8.08 of the Listing Rules; and
(e) details of the allocation to Size-based Exemption Participants under the Size-based
Exemption will be disclosed in this announcement.
Such allocations of Offer Shares are in compliance with all the conditions under the consent
granted by the Hong Kong Stock Exchange.
For details of the allocations of Offer Shares to existing Shareholders and/or their close
associates and Cornerstone Investors, please refer to the section headed “Allotment Results
Details – International Offering – Allotees with Waivers/Consents Obtained ” in this
announcement.
Placing to connected clients with a prior consent under paragraph 1C(1) of the Placing
Guidelines
Under the International Offering, certain Offer Shares were placed to connected clients of their
connected distributors pursuant to the Placing Guidelines.


--- page 15 ---
15
The Company has applied to the Hong Kong Stock Exchange for, and the Hong Kong Stock
Exchange has granted, a consent under paragraph 1C(1) of the Placing Guidelines to permit the
Company to allocate such 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 Hong Kong Stock Exchange.
Details of the placement to connected clients are set out below:
No.
Connected
Distributor Connected Client
Relationship
with the
Connected
Distributor
Whether
the connected
clients will
hold the
beneficial
interests of
the Offer
Shares
on a non-
discretionary
basis or
discretionary
basis for
independent
third parties
Number
of Offer
Shares to
be allocated
to the
connected
client
Approximate
percentage of
Offer Shares
allocated to the
connected client
(assuming no
exercise of the
Over-allotment
Option)
Approximate
percentage
of total
issued share
capital after
the Global
Offering
(assuming
no exercise
of the Over-
allotment
Option)
1. CICCHKS CICC Financial
Trading Limited
(CICC FT) Note (1)
CICC FT is a member
of the same group
of CICCHKS.
Non-discretionary 749,600 0.68% 0.17%
2. CITIC Securities
Brokerage (HK)
Limited ( “CITIC
Securities ”)
CITIC Securities
International Capital
Management
Limited ( “CSI”)
Note (2)
CITIC Securities and
CSI are members
of the same group
Non-discretionary 1,326,800 1.21% 0.30%
3. HSBC Broking
Securities
(Asia) Limited
(“HSBC”)
HSBC Global Asset
Management (Hong
Kong) Limited
(“HSBC AM ”)
Please refer to
Note (3).
HSBC AM is a
fellow subsidiary
of HSBC.
Discretionary 215,600 0.19% 0.04%
4. CMB International
Capital Limited
(“CMBI”)
Bosera Asset
Management
(International) Co.,
Ltd ( “Bosera AM ”)
Please refer to
Note (4).
Bosera AM is a
member of the
same group with
CMBI
Discretionary 143,600 0.13% 0.03%
5. CITIC Securities China Asset
Management (Hong
Kong) Limited
(“China AMHK ”)
Please refer to
Note (5).
CITIC Securities
and China AMHK
are members of
the same group
Discretionary 143,600 0.13% 0.03%


--- page 16 ---
16
Notes
(1) The Offer Shares to be placed to CICC FT are to be held on non-discretionary basis on behalf of their
underlying clients, who are independent third parties of the Company, its subsidiaries, its Controlling
Shareholders, its substantial shareholders, CICC FT, CICCHKS and the companies which are members of the
same group of companies as CICCHKS.
(2) 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, which are funds (the “CSI Ultimate Clients ”), by which CSI will
pass the full economic exposure of the Offer Shares placed to CSI to the CSI Ultimate Clients. CITIC
Securities and CSI are members of the same group. Accordingly, CSI is considered as a “connected client ”
of CITIC Securities pursuant to Paragraph 1B (7) of Appendix F1 of the Listing Rules. As confirmed by
CSI and CITIC Securities, CSI will hold the legal title and beneficial interest in the Offer Shares, but will
contractually agree to pass on the full economic exposure and return of the Offer Shares to the CSI Ultimate
Clients, all being independent third parties, on a non-discretionary basis. The CSI Ultimate Clients may
exercise their early termination rights to 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 Hong Kong
Stock Exchange. Upon the final maturity or termination of the CSI Client TRS by the CSI Ultimate Clients,
CSI will dispose of the Offer Shares on the secondary market and the CSI Ultimate Clients will receive a
final termination amount of the CSI Back-to-back TRS which will have 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. Due to its internal policy, 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 and
after making all reasonable enquiries, each of the CSI Ultimate Clients is an independent third party of the
Company, its subsidiaries, its Controlling Shareholders and its substantial shareholders, CSI, CITIC Securities
and the companies which are members of the same group of CITIC Securities.
(3) HSBC AM will hold the Offer Shares in its capacity as the discretionary fund manager managing assets on
behalf of its underlying clients. To the best of HSBC AM ’s knowledge after due enquiry, each the underlying
clients of HSBC AM is an independent third party of HSBC AM and HSBC and the companies which are
members of the same group of HSBC.
(4) Bosera AM will hold the Offer Shares in its capacity as discretionary fund manager managing assets on
behalf of its underlying clients. To the best of Bosera AM ’s knowledge after due enquiry, each the underlying
clients of Bosera AM is an independent third party of Bosera AM, CMBI and the companies which are
members of the same group of CMBI.
(5) China AMHK is an investment advisor and a delegate of the investment manager of its underlying clients
(“China AMHK Ultimate Clients ”) and manages assets (in its capacity as an investment advisor of China
AMHK Ultimate Clients) and executes trades (in its capacity as a delegate of the investment manager of
China AMHK Ultimate Clients) for and on behalf of China AMHK Ultimate Clients. To the best of China
AMHK’s knowledge and after making all reasonable enquiries, each of the China AMHK Ultimate Clients is
an independent third party of the Company, its subsidiaries, its Controlling Shareholders and its substantial
shareholders, China AMHK, CITIC Securities and the companies which are members of the same group of
CITIC Securities.
To the best knowledge of China AMHK after due enquiry, each of the China AMHK Ultimate Clients does
not have any ultimate beneficial owner holding 30% or more interest.


--- page 17 ---
17
DISCLAIMERS
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited
(the “Hong Kong  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 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 August 20, 2025 issued by Jiaxin International
Resources Investment Limited 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 Sole Sponsor and the Sole Representative (for
itself and on behalf of the other 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 – 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 Thursday,
August 28, 2025).


--- page 18 ---
18
PUBLIC FLOAT AND FREE FLOAT
Immediately following the completion of the Global Offering (before any exercise of the
Over-allotment Option), an aggregate of 109,808,800 Shares or approximately 25.00 % of the
total issued share capital of the Company will be held in the public hands. Therefore, the number
of Shares in the public hands represents no less than 25% of the total issued share capital of the
Company, satisfying the minimum percentage requirement in compliance with Rule 8.08(1) of the
Listing Rules.
Each of the Cornerstone Investors has agreed to a lock-up period of six months following the
Listing Date. As such, Shares held by the Cornerstone Investors upon the Listing shall not be
counted towards the free float of the Shares of the Company at the time of Listing. Based on the
final Offer Price of HK$10.92 per Share, the Company satisfies the free float requirement under
Rule 8.08A of the Listing Rules.
The Directors confirm that, immediately following the completion of the Global Offering (before
any exercise of the Over-allotment Option), (i) no placee will, individually, be placed more than
10% of the enlarged issued share capital of the Company immediately after the Global Offering; (ii)
there will not be any new substantial Shareholder immediately after the Global Offering; (iii) the
three largest public Shareholders do not hold more than 50% of the Shares held in the public hands
at the time of the Listing in compliance with Rules 8.08(3) and 8.24 of the Listing Rules; and (iv)
there will be at least 300 Shareholders at the time of the Listing in compliance with Rule 8.08(2)
of the Listing Rules.
COMMENCEMENT OF DEALINGS
The Share certificates will only become valid evidence of title at 8:00 a.m. on Friday, August 28,
2025 (Hong Kong time), provided that the Global Offering has become unconditional and the right
of termination described in the paragraph headed “Underwriting – Underwriting Arrangements –
Hong Kong Public Offering – Grounds for Termination ” in the Prospectus has not been exercised.
Investors who trade the Shares on the basis of publicly available allocation details prior to the
receipt of Share certificates or prior to the Share certificates becoming valid evidence of title do so
entirely at their own risk.
Assuming that the Global Offering becomes unconditional at or before 8:00 a.m. on Thursday,
August 28, 2025 (Hong Kong time), it is expected that dealings in the Shares on the Hong Kong
Stock Exchange will commence at 9:00 a.m. on Thursday, August 28, 2025 (Hong Kong time), and
that dealings in the Shares on the AIX will commence at 11:00 a.m. ALMT on Thursday, August
28, 2025 (ALMT, the Almaty, Kazakhstan).


--- page 19 ---
19
The Shares will be traded in board lots of 400 Shares each, and the stock code of the Shares will
be 3858.
The Shares will also be admitted to the Official List of the AIX. The trading symbol of the Shares
will be “JXIR”.
By order of our Board
Jiaxin International Resources Investment Limited
ʮ̡
Mr. Liu Liqiang
Chairperson of the Board, Executive Director
Hong Kong, August 27, 2025
As at the date of this announcement, the board of directors of our Company comprises
Mr. Liu Liqiang, Mr. Wang Zhongwei and Mr. Qiu Huaizhi as executive Directors, Mr. Zha Kebing
and Ms. Lian Jie as non-executive Directors, and Mr. Zhu Guoshan, Mr. Wang Jianfeng and
Mr. Wong Hok Bun Mario as independent non-executive Directors.