JL Mag Rare-Earth shareholder plans significant stake reduction

Jiangxi JL Mag Rare-Earth Co., Ltd. has received notification from its shareholder, Ganzhou Xinsheng Investment Management Center (Limited Partnership), of a planned stake reduction. Ganzhou Xinsheng, an independent action party to the controlling shareholder, currently holds 23,536,435 shares, representing 1.72% of the company's total share capital (after deducting repurchased shares).

The shareholder intends to reduce its holdings by no more than 13,684,663 shares, or 1% of the company's total share capital. This reduction will occur through centralized bidding or block trading within three months, starting 15 trading days after the announcement date (from September 30, 2025, to December 29, 2025). The primary reason for the sell-off is stated as the shareholder's own capital requirements. The shares to be divested were obtained through non-trading transfers, including those from capital reserve transfers during its holding period.

JL Mag Rare-Earth emphasized that the planned reduction will not lead to a change in the company's control or negatively impact its governance structure and continuous operations. The company will monitor the implementation of the plan and fulfill its information disclosure obligations as required.