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JL Mag: Controlling shareholder's associates pledge shares

May 26, 2025 at 05:22 PM UTCBy FilingReader AI

JL Mag Rare-Earth (SZSE:300748) announced today that associates of its controlling shareholder, Ganzhou Geshuo Investment Management Center, have pledged a portion of their company shares. The pledge involves 180,000 shares, representing 20.92% of Ganzhou Geshuo's holdings and 0.13% of JL Mag's total share capital. The pledge period commenced on May 22, 2025, and will continue until the share pledge release procedures are completed. Following this transaction, the cumulative pledged shares by the controlling shareholder and its associates amount to 5,680,000 shares, representing 12.85% of their total holdings and 4.14% of JL Mag's total share capital. The company stated that the share pledge does not pose a risk of ownership change and will not materially impact the company's operations.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SZSE:300748Shenzhen Stock Exchange

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