JIAXIN INTL RES (03858) announced that on May 15, 2026, after trading hours, the company entered into a non-binding memorandum of understanding with Pangaea Mining Limited Partnership Fund (PMF). Under this agreement, JIAXIN INTL RES and PMF are granted a priority right to acquire the entire issued share capital of a special purpose vehicle (Target SPV) to be established by PMF. The two parties intend to jointly seek mineral resource development opportunities, primarily targeting the Republic of Kazakhstan, with potential expansion to other Central Asian countries and other regions mutually agreed upon in writing. The collaboration aims to leverage PMF's capabilities in deep strategic mineral resource research and discovery projects in the Karaganda region of Kazakhstan, collectively referred to as the "Target Area." The cooperation will specifically focus on the following target mineral types: (1) medium to large-scale porphyry copper-gold deposits; (2) polymetallic deposits containing copper, zinc, lead, gold, and silver; and (3) tungsten-molybdenum deposits. The ultimate objective of the partnership is for PMF to identify, screen, and acquire mineral projects or interests with development potential in the Target Area, referred to as "Investment Opportunities." At an appropriate time, JIAXIN INTL RES will selectively acquire these opportunities to incorporate them into the company's listed asset portfolio. The Board of Directors believes that the polymetallic deposits in the Target Area contain various strategic mineral resources such as copper, zinc, lead, silver, tungsten, and molybdenum, aligning with the company's development strategy. The Board acknowledges PMF's capabilities in finding and nurturing related investment opportunities. It considers that, if the collaboration and acquisition matters are realized, they will help the company expand its mineral resource reserves, broaden its overseas mining footprint, enhance the diversification of resource categories, and strengthen the Group's long-term competitiveness and sustainable development capabilities.