JL Mag Rare-Earth's H-shares climb following convertible bond conversions

JL Mag Rare-Earth's H-share capital increased by 7,122,916 shares, bringing the total issued H-shares to 234,763,716 by October 31, 2025. This change was primarily driven by the conversion of convertible bonds. The company's 1.75% guaranteed convertible bonds due in 2030, initially totaling $117,500,000 at the end of September, experienced a reduction of $19,400,000 during October, resulting in a balance of $98,100,000. These bonds have a conversion price of HK$21.38 per share, with shareholder approval for their issuance dating back to May 28, 2025.

The increase in H-shares contributed to a total statutory/registered share capital of RMB 1,372,131,923 by the end of October. The statutory/registered share capital for H-shares remained stable at RMB 227,640,800. For A-shares, the issued capital held steady at 1,140,825,581 shares, with a corresponding statutory/registered share capital of RMB 1,144,491,123. The total issued A-shares remained unchanged throughout the month.