Jl Mag Rare-Earth (300748.SZ) plans to participate in investing in Jiaxing Jinci Smart Chain Fund.

Jl Mag Rare-Earth (300748.SZ) announced that 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 this capital increase and its own funds, to participate in investing in Jiaxing Jinci Smart Chain Venture Capital Partnership (Limited Partnership) (hereinafter referred to as "Jiaxing Jinci Smart Chain 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, by cooperating with professional investment institutions to participate in industrial funds, 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 grasp investment opportunities, reduce investment risks, improve the quality of the company's external investment, and create more value for the company and its shareholders.