Northern Rare Earth's controlling shareholder releases pledged shares

China Northern Rare Earth Group High-Tech Co., Ltd. (SSE:600111) announced that its controlling shareholder, Baotou Iron and Steel (Group) Co., Ltd. (Baogang Group), has released 334.5 million shares from pledge, representing 25.12% of Baogang Group's holdings and 9.23% of the total share capital of Northern Rare Earth. Following the release on March 4, 2025, Baogang Group holds 1,331,700,569 shares, or 36.84% of the company, with no shares currently pledged. The released shares will be used for subsequent re-pledging. The company commits to fulfilling information disclosure obligations regarding any future pledge activity by Baogang Group.