JL Mag completes share repurchase, announces executive resignation

JL Mag Rare-Earth has completed the cancellation of 3,665,542 repurchased shares, representing 0.27% of its pre-cancellation total share capital, at a cost of 142,216,877.42 yuan. This action, finalized on September 10, 2025, reduces the company's total share capital from 1,372,131,923 shares to 1,368,466,381 shares, aiming to enhance shareholder returns. The company confirms that its listing status remains unaffected.

Concurrently, Mr. Mao Huayun resigned from his position as deputy general manager on September 10, 2025, due to personal reasons. He will continue to serve as the chief engineer and general manager of JL Mag Rare-Earth (Ganzhou) New Materials Co., Ltd., a wholly-owned subsidiary. Mr. Mao holds 2,550,720 company shares, representing 0.18% of the total share capital, and will adhere to regulations regarding share reductions.