Goldwind subsidiary further cuts JL MAG stake, booking significant income

Xinjiang Goldwind Science & Technology announced that its wholly-owned subsidiary, Goldwind Investment Holdings, continued to reduce its stake in JL MAG Rare-Earth Co., Ltd. Between October 13, 2025, and December 5, 2025, Goldwind Investment Holdings sold 12,284,835 shares of JL MAG through centralized bidding and block trades, totaling approximately RMB459m.

Following this latest reduction, Goldwind Investment Holdings now holds 25,150,779 shares of JL MAG, representing 1.83% of JL MAG's total share capital. This transaction is expected to generate approximately RMB215m (pre-tax) in investment income for Goldwind, accounting for roughly 11.53% of the company's audited net profit attributable to shareholders in 2024.

The company anticipates this income will positively impact its 2025 financial performance, with proceeds to be used for its production and operations. Goldwind will continue to disclose further progress on its JL MAG share reduction based on market conditions and subsequent earnings.