China Northern Rare Earth approves subsidiary equity transfer

China Northern Rare Earth Group High-Tech (SSE:600111) announced the resolutions from its ninth board meeting held on July 2, 2025. Key approvals included the transfer of equity in its majority-owned subsidiary, Northern Rare Earth Huakai High-Tech Hebei Co., Ltd., and a review of the company's 2024 total wage execution and the determination of the 2025 base figure. All resolutions were unanimously approved by the 14 attending directors. The board meeting was convened following notification on June 27, 2025, and complied with relevant laws and the company's articles of association.