Jl Mag Rare-Earth (06680) plans to use its own funds to increase capital by no more than RMB 30 million in its wholly-owned subsidiary Jinli Ningbo Investment.

Jl Mag Rare-Earth (06680) has announced that, by leveraging the platform resources and investment capabilities of professional investment institutions, it will actively identify and invest in high-quality projects that align with the development strategy of Jiangxi Jl Mag Rare-Earth Technology Co., Ltd. (hereinafter referred to as the "Company"), so as to enhance the Company's overall competitiveness. The Company plans to use its own funds to increase capital by no more than RMB 30 million in its wholly-owned subsidiary Jl Mag Rare-Earth (Ningbo) Investment Co., Ltd. (hereinafter referred to as "Jinli Ningbo Investment"), and through Jinli Ningbo Investment, using the capital increase funds and its own funds, to participate in the investment in Jiaxing Jinci Zhilian Venture Capital Partnership (Limited Partnership) [the final name shall be subject to industrial and commercial registration] (hereinafter referred to as the "Jiaxing Jinci Zhilian Fund"), subscribing for a share of RMB 55 million. After the completion of the capital increase, the registered capital of Jinli Ningbo Investment will increase from RMB 350 million to RMB 380 million, and the Company will still hold 100% of its equity. Relying on the resources and advantages the Company has accumulated in the rare earth permanent magnet materials industry chain, and by participating in industrial funds through cooperation with professional investment institutions, the Company will further improve its industry chain layout, promote positive complementarity between the Company's business operations and external investment, and enhance the Company's overall competitiveness. At the same time, by fully leveraging the resource advantages, investment experience, and sound risk control system of external professional investment institutions, the Company will be helped to promptly seize investment opportunities, reduce investment risks, improve the quality of the Company's external investment, and create more value for the Company and its shareholders.