Jiaxin International Resources Investment Limited Announces EGM Poll Results: All Resolutions Passed

Key Developments from the Extraordinary General Meeting (EGM) Held on 9 March 2026

Jiaxin International Resources Investment Limited (“the Company”, Stock Code: 3858) has released the official poll results of its Extraordinary General Meeting (EGM) held on 9 March 2026. The EGM was convened to seek shareholder approval for a significant mining services procurement agreement, which is potentially price sensitive and could affect the Company’s future performance and share value.

Main Highlights:

• Approval of Mining Services Procurement Agreements:
  • The EGM focused on the approval of a mining services procurement agreement dated 6 January 2026 between China Civil Engineering Construction Corporation Ltd. Kazakhstan Branch and Zhetisu Volframy LLP, as well as a supplement to this agreement.
  • The resolution pertains to the continued execution and transactions under these agreements, which are crucial for the Company’s mining operations and future revenue streams.
• Poll Results:
  • The resolution was overwhelmingly approved by the independent shareholders, with 331,910,041 votes (100%) in favor and 0 votes against.
  • No shares abstained or were excluded from the poll results.
• Shareholder Participation and Exclusions:
  • As of the EGM date, the Company had 455,700,000 shares in issue. After excluding shares held by connected parties (CCECC HK and CRCCII and their associates), which together accounted for 49,420,000 shares or approximately 10.84% of the total issued capital, 406,280,000 shares were eligible to vote on the resolution.
  • No shareholders were required to abstain from voting other than the connected parties, and no shareholder expressed an intention to vote against or abstain in the EGM circular.
• Director Attendance:
  • All directors attended the EGM, except for Mr. Xie Wenbo, Mr. Wang Zhongwei, and Ms. Chen Keqin, who were absent due to work reasons.

Why This Is Important for Shareholders and Potential Impact on Share Price:

• Execution of Key Agreements: The overwhelming approval of the mining services procurement agreements is a significant milestone for the Company. These agreements underpin the Company’s mining operations and are expected to contribute materially to its future business outlook and profitability.
• Exclusion of Connected Parties: The abstention of connected shareholders in the vote enhances the independence and credibility of the approval process, ensuring alignment with regulatory requirements and best governance practices.
• Potential Price-Sensitive Event: The confirmation of these agreements and their anticipated impact on the Company’s mining operations and financial performance could be viewed positively by the market, potentially supporting the share price in the near term.

Details of the Board and Company Status:

• The board currently comprises a mix of executive, non-executive, and independent non-executive directors, with Mr. Liu Liqiang serving as Chairman and Executive Director.
• The Company does not hold any treasury or repurchased shares pending cancellation, ensuring that the share capital is fully represented by outstanding shares.

Disclaimer: This article is intended for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence or consult a licensed financial advisor before making investment decisions. The information is based on company announcements and may be subject to change without notice.

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