Ximei Resources clarifies HK$537.2 million top-up subscription proceeds allocation

• Ximei Resources issued a supplemental statement detailing planned use of net proceeds from its June 3 placing and top-up subscription.
• HK$ 161.2 million earmarked for upstream mining investments in tantalum and niobium, focused on Africa and Brazil; no targets identified yet.
• HK$ 161.2 million allocated to capacity upgrades across existing China facilities; key projects include Leizhou base ramp and Yingde tantalum powder expansion.
• HK$ 214.8 million set for working capital, with about 30% for raw material procurement, about 70% for borrowing repayment.
• Funds expected to be deployed in tranches within 24 months following receipt of proceeds.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ximei Resources Holding Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260608-12195398), on June 08, 2026, and is solely responsible for the information contained therein.