Zhihui Mining (Ticker: 2546 HK) is a Chinese mining company focused on zinc, lead and copper exploration, mining, production and sales of concentrates from its operations in Xizang (Tibet), China. The company is scheduled to list H-shares on the Hong Kong HKEX Main Board on 19 December 2025, with an offer period running 11–16 December 2025 and pricing set for 17 December 2025.

The IPO is marketed at HK$4.10–4.51 per share, offering 121,952,000 shares, implying gross proceeds of approximately HK$500.0–550.0 million (about US$67.4 million). The deal implies a market capitalization of roughly HK$2.0–2.2 billion (about US$270 million). Zhihui Mining’s flagship asset is the Mengya’a Mine in Nagqu, featuring an open-pit mine in operation since 2007 and an underground mine that commenced commercial operations in 2Q25.

Proceeds are reportedly earmarked mainly for R&D and capacity expansion (~47.9%), brand promotion and business development (~23.4%), working capital and strategic acquisitions (~21.7%), and debt repayment (~7%). Sponsors include Maxa Capital and Sinolink Securities (Hong Kong), with ABCI Securities among the underwriters.