Jiaxin International has been listed in Hong Kong and Astana!

Jiaxin International Resources Investment Co., Ltd. (Stock Code: 03858.HK, hereinafter referred to as "Jiaxin International") was officially listed on the main board of the Hong Kong Stock Exchange on 28 August 2025, becoming the first listed company in Hong Kong's capital market with tungsten mining as its main business. At the same time, the company was also listed on the "Belt and Road" board of the Astana International Exchange (AIX) in Kazakhstan (Stock Code: JXIR.AIX), becoming the first Chinese tungsten mining enterprise to achieve dual listings on both the Hong Kong Stock Exchange and the Astana Exchange, and the first RMB-denominated stock in Central Asia.

Jiaxin International, a Kazakhstani-based tungsten mining company, specializes in the development of the Boguty Tungsten Mine. According to authoritative data, as of the end of 2024, Boguty stands as the world's largest open-pit tungsten deposit in terms of tungsten trioxide resources. Furthermore, it ranks as the fourth-largest tungsten deposit globally in terms of tungsten trioxide reserves, boasting the highest designed production capacity among all tungsten mines worldwide.

Jiaxin International, in collaboration with Jiangxi Copper (holding 41.65%), China Railway Construction (holding 10%), and China Civil Engineering (holding 5%), empowered the project to successfully list on the capital market, ensuring the stability and continuity of the company's strategy through central and state-owned enterprise cooperation. This Hong Kong listing further strengthens the company's connection with the international capital market, injecting a global capital perspective into the central and state-owned enterprise collaborative model.

As one of the 45 key projects in the China-Kazakhstan production capacity cooperation under the Belt and Road Initiative, Jiaxin International's Boguty Tungsten Mine has received attention and support from the governments of Kazakhstan and China. This top-level endorsement not only enables Jiaxin International to freely sell and export our tungsten products to global customers, but also gives us a first-mover advantage in subsequent global network expansion.

Liu Liqiang, Chairman of Jiaxin International, stated: "The successful listings in Hong Kong and Kazakhstan mark a milestone in our corporate history. This dual listing not only validates our comprehensive capabilities in the capital market but also signifies our advancement to a new developmental stage. We will take this opportunity to fully implement the second-phase commercial production of the Boguty Tungsten Mine project, systematically execute and enhance our commercialization strategy, optimize production technologies, and improve overall operational efficiency and resource utilization. Furthermore, we will continue to expand our industrial chain by developing advanced tungsten processing technologies, including the production of ammonium paratungstate and tungsten carbide, propelling the company to new heights."

The global tungsten market is currently in a golden period of tight supply-demand balance. Jiaxin International, with its world-leading resource reserves, cost-effective operations, and strategic capacity expansion, is well-positioned to capitalize on industry growth. Going forward, the company will leverage its Hong Kong listing to seize this golden opportunity. It will accelerate the development of deep-processing facilities at the Boguty Tungsten Mine, expanding from tungsten concentrate production to high-value-added products like APT (ammonium paratungstate) and tungsten carbide powder, aiming to become a global leader in the tungsten mining industry chain. The company is committed to becoming a core player and value driver in the global tungsten sector.