JINXUN RESOURCE (03636.HK): RMB119.16 Million for Raw Materials
On 5 November 2026, JINXUN RESOURCE said RMB119.16 million of reallocated net proceeds will fund a strategic reserve of core raw materials for metal production.
Key Highlights:
- RMB119.16 million of reallocated net proceeds will fund a strategic reserve of core raw materials.
- The funds come from savings on leased premises and R&D centre costs, with the centre's scale and purpose unchanged.
NewTimeSpace News: On 5 November 2026, Yunnan Jinxun Resources Co., Ltd. (Stock Code: 3636) published a supplemental announcement on the reallocation of RMB119.16 million of net proceeds under Rule 13.09(2) and Part XIVA of the SFO.
The announcement shows that the funds will be applied to a strategic reserve of core raw materials, with oxidised, sulphide and mixed ore to be used directly in metal production rather than through derivatives. As large-scale mining runs only from May to November, purchases from independent suppliers are expected in the coming months. The money comes from savings on leased premises and R&D centre costs, and RMB0.19 million has been spent renovating premises for R&D.
