JL Mag calls meeting after previous stake sale

JL Mag Rare-Earth announced its plan to convene the second extraordinary general meeting of shareholders for 2025. The meeting, approved by the fourth board of directors at its ninth session, will address proposals such as the 2025 half-year profit distribution plan and a new general authorization for issuing company shares.

The physical meeting is scheduled for October 27, 2025, at 14:30. Online voting through the Shenzhen Stock Exchange system will be available from 9:15-9:25, 9:30-11:30, and 13:00-15:00 on the same day. The equity registration date for A-share shareholders is set for October 22, 2025.

Registration for the meeting will take place on October 24, 2025, from 8:00-12:00 and 13:00-17:00, with options for in-person, mail, or fax registration. The proposal regarding the new general authorization for issuing company shares (Proposal 2.00) is a special resolution, requiring approval by two-thirds of the voting rights held by attending shareholders.