Goldwind subsidiary divests JL MAG shares, company plans share buybacks

Goldwind Science & Technology's wholly-owned subsidiary, Goldwind Investment, disposed of 29,600,738 shares of JL MAG Rare-Earth Co., Ltd. for approximately 7.62 bn yuan between December 26, 2024, and October 9, 2025. This disposal includes 708,100 shares in late 2024, generating investment income of approximately 0.03 bn yuan (pre-tax), and an additional 28,892,638 shares in 2025, projected to yield approximately 1.93 bn yuan (pre-tax). The 2025 proceeds are expected to positively impact the company’s performance and will be used for production and operations. Goldwind Investment now holds 37,435,614 shares of JL MAG, representing 2.74% of its total share capital.

In parallel, Goldwind Science & Technology announced plans for A-share and H-share buybacks. The company will repurchase A-shares using its own funds, with a total value between 300m yuan and 500m yuan, and a maximum price of 13.28 yuan per share. This initiative, approved on April 25, 2025, will result in the cancellation of repurchased shares and a reduction in registered capital.

Furthermore, Goldwind obtained authorization on May 30, 2025, to repurchase up to 10% of its total H-shares, excluding treasury shares, with a price not exceeding 105% of the average closing price of the five trading days preceding the repurchase date. As of September 30, 2025, no A-shares or H-shares had been repurchased under these plans.