JL Mag Rare-Earth executives complete share reduction plan

JL Mag Rare-Earth (SZSE:300748) announced on December 9, 2025, the completion of a share reduction plan by its directors and senior management, including Lu Feng, Huang Changyuan, Lu Ming, and Xie Hui. The plan, initially disclosed on November 3, 2025, involved the sale of up to 2,106,056 shares, representing 0.15% of the company's total share capital. Sales were conducted via centralized bidding or block trading between November 24, 2025, and December 5, 2025.

In total, 1,621,500 shares were divested, accounting for 0.12% of the company's total share capital. Lu Feng sold 528,900 shares at an average price of CNY 35.41 per share, while Huang Changyuan sold 330,000 shares at CNY 36.45 per share. Lu Ming divested 395,000 shares at CNY 34.23 per share, and Xie Hui sold 367,600 shares at CNY 34.64 per share.

The company confirmed that the share reduction was conducted in compliance with relevant regulations and will not alter the company's control, governance structure, or ongoing operations. These shares originated from pre-IPO holdings and subsequent equity distributions.