Yunnan Jinxun Resources Co., Ltd.

Date of prospectus: December 31, 2025

Yunnan Jinxun Resources Co., Ltd. Launches Hong Kong IPO: Key Details, Growth Prospects, and Investor Outlook

IPO Snapshot: Offer Structure, Pricing, and Allocation

Yunnan Jinxun Resources Co., Ltd. (“the Company”) is set to debut on the Main Board of the Stock Exchange of Hong Kong, targeting a broad investor base through a global offering of H Shares. The IPO aims to raise capital while expanding its profile in global capital markets.

• IPO Symbol: 3636
• Offer Price: HK\$30.00 per H Share
• Total Offer Size: 36,765,600 H Shares (subject to over-allotment)
• Hong Kong Public Offer Shares: 3,676,600 H Shares (subject to reallocation)
• International Offer Shares: 33,089,000 H Shares (subject to reallocation and over-allotment)
• Nominal Value: RMB1.00 per H Share
• Maximum number of Hong Kong Offer Shares per applicant: 1,838,200
• Stock Code: 3636

Application Window: 9:00 a.m. on December 31, 2025 to 12:00 noon on January 6, 2026 (Hong Kong time).
Listing Date: Expected at 9:00 a.m. on January 9, 2026.
Board Lot Size: 200 Shares per board lot.

Offer Price Components: Brokerage (1.0%), SFC transaction levy (0.0027%), AFRC levy (0.00015%), and Stock Exchange trading fee (0.00565%) apply to all applications [[2]], [[4]], [[6]], [[10]].

Note: All application amounts include brokerage, SFC levy, Stock Exchange fee, and AFRC levy [[4]].

Use of Proceeds and Capital Allocation

Details regarding the use of IPO proceeds, such as allocation to R&D, expansion, or debt repayment, are not specified in the disclosed information.

Oversubscription Metrics and Allocation Mechanisms

Initial allocation: 10% of Offer Shares to the Hong Kong public (3,676,600 H Shares), 90% to international investors (33,089,000 H Shares).
Reallocation Mechanism: If both the International and Hong Kong Public Offerings are fully subscribed or oversubscribed, up to 1,838,200 Offer Shares (totaling 5,514,800, or 15% of initial offer size) may shift to the Hong Kong Public Offering. No over-allocation to the public tranche if undersubscribed [[4]], [[5]].

Over-allotment Option (Greenshoe): Up to 5,514,800 additional H Shares (not more than 15% of initial offer), exercisable by Overall Coordinators within 30 days of listing, to cover over-allocations in the International Offering [[5]].

Dividend Policy

No explicit dividend policy, payout ratio, or timetable is disclosed.

Placement and Issuance Breakdown

• Hong Kong Public Offering: Initially 3,676,600 H Shares (10%)
• International Offering: Initially 33,089,000 H Shares (90%)
• Cornerstone, employee, or shareholder allocations are not specified.

Investor Participation and Book Quality

No specific anchor or institutional investors, tranche allocations, or category subscription levels are disclosed.

There is no mention of pre-listing disposals by early shareholders.

Book quality and likely first-day performance cannot be directly assessed from the disclosed facts.

Deal Structure, Underwriting, and Stabilization

• Sole Sponsor, Sponsor-Overall Coordinator, Overall Coordinator, Joint Global Coordinator, Joint Bookrunner, and Joint Lead Manager: Huatai Financial Holdings (Hong Kong) Limited
• Joint Bookrunners and Joint Lead Managers: (names in alphabetical order; specific additional bookrunners not listed here)

Stabilization: The Stabilizing Manager (Huatai Financial Holdings (Hong Kong) Limited or affiliates) may stabilize the price of the H Shares in the market for up to 30 days after the last application day (until February 5, 2026), in compliance with Hong Kong regulations. However, there is no obligation for stabilization, and any such action may be discontinued at any time [[1]], [[4]].

Based on the prominent roles of the above deal parties, the prospectus implies a robust institutional process and potential for post-listing price support during the stabilization period.

Company Overview: Business Model and Sector Positioning

Yunnan Jinxun Resources Co., Ltd. is incorporated in the People’s Republic of China as a joint stock limited company. The detailed business model, revenue streams, key products/services, customer base, geographies, and monetization approach are not described in the disclosed information.

Industry/sector definition, market size, and competitive advantages are not specified in the available data.

Management Team

• Chairman, Executive Director, and CEO: Mr. Yuan Rong
• Executive Directors: Ms. Yuan Mei, Mr. Yang Yongchang
• Independent Non-Executive Directors: Ms. Zheng Dongyu, Mr. Xia Hongying, Mr. Wong Hok Bun Mario

Further details on management experience and background are not provided.

Trends, Timing, and Market Environment

Offer period: December 31, 2025 (9:00 a.m.) to January 6, 2026 (12:00 noon)
Listing date: Expected January 9, 2026 (9:00 a.m.)
Settlement: H Shares to be eligible for CCASS on or shortly after the Listing Date. Settlement occurs on the second trading day after transactions [[6]], [[8]], [[10]].

Sector, regional, or macroeconomic trends, historical demand drivers, and recent developments are not described in the provided content.

Market conditions for IPOs or sector peers are not discussed in the available information.

Risk Factors

The prospectus does not specify individual risk factors, quantified exposures, or categories such as legal, regulatory, customer or supplier concentration, FX, or other typical IPO risks.

Growth Strategy and Expansion Plans

There is no information on expansion plans, new products, M&A, capex pipeline, or market entries.

Ownership and Lock-up Structure

Pre- and post-IPO shareholding structure, major shareholder holdings, lock-in periods, and ESOPs are not disclosed in the available information.

Listing Outlook and Investor Takeaways

Based strictly on the disclosed prospectus details:

• The IPO is professionally structured with a reputable sole sponsor and stabilization measures, suggesting potential for orderly trading and price support during the post-listing period.
• The broad offer structure with a significant international tranche may enhance liquidity and public visibility.
• However, the lack of detailed business, financial, and risk disclosures in the available information limits a full assessment of first-day performance and medium-term prospects.

Inferred Outlook: The IPO appears well-organized, and stabilization actions may support listing price. However, in the absence of financials or business context, investors should carefully consider their risk appetite. First-day trading may be stable, but strength relative to offer price cannot be projected from the available data.

Prospectus Access

The official website for IPO documentation and updates is: www.hkexnews.hk

Company’s website for further information: www.jinxunec.com

How to Apply for the IPO

Application Channels:

• White Form eIPO Service: www.eipo.com.hk (for applicants who wish to receive physical share certificates; shares allotted in applicant’s own name)
• HKSCC EIPO Channel: Application via broker or custodian who is a HKSCC Participant, with shares allotted to HKSCC Nominees and deposited into CCASS

Application Window: 9:00 a.m. on December 31, 2025 to 12:00 noon on January 6, 2026 (Hong Kong time).
Minimum Application: 200 Hong Kong Offer Shares and in multiples thereof. No applications for other amounts will be considered.
Payment: Full payment of application monies required at time of application. Pre-funding may be required by your broker or custodian.

Results Announcement: Basis of allocation and results will be published by 11:00 p.m. on January 8, 2026 on www.hkexnews.hk and www.jinxunec.com. Results can also be checked via www.iporesults.com.hk, www.eipo.com.hk/eIPOAllotment, or phone enquiry at +852 2862 8555 [[7]], [[9]].

Share certificates and refunds: Expected to be despatched or credited by January 8–9, 2026.