China Minmetals Rare Earth reappoints auditor, forecasts 2026 related transactions

China Minmetals Rare Earth Co., Ltd. announced on December 8, 2025, the reappointment of Tian Tong Certified Public Accountants (Special General Partnership) as its auditor for the 2025 fiscal year. This decision, pending shareholder approval, follows Tian Tong's satisfactory performance in the 2024 audit, demonstrating strong professional conduct and independence. The audit fee for 2025 is set at 1.08 million yuan (including tax).

The company also released its forecast for 2026 daily related party transactions, projecting total transactions not exceeding 260,000 million yuan. This includes sales of products/commodities up to 119,500 million yuan, procurement of products/raw materials up to 137,500 million yuan, and provision/acceptance of integrated services up to 1,000 million yuan and 2,000 million yuan, respectively. These transactions are with China Minmetals Rare Earth Group and its subsidiaries, priced at market rates, and were approved by the board and independent directors.

The estimated 2026 transaction limits for related party sales and procurement are based on the upper bound of possible business, with actual figures potentially differing. The company attributes previous variances between estimated and actual 2025 transaction amounts to adjustments in operating strategy driven by market conditions and internal needs. These routine related party transactions are deemed fair and not detrimental to shareholder interests.