Jiangsu Huahong Technology (002645.SZ) subsidiary company signed a purchasing cooperation agreement for praseodymium and neodymium products with China Northern Rare Earth.

Jiangsu Huahong Technology (002645.SZ) announced that its wholly-owned subsidiary Xintai Technology and its subsidiaries Wanhong High-Tech, Jishui Jincheng, and China Northern Rare Earth have signed a "Praseodymium-Neodymium Product Procurement 2025 Cooperation Agreement". In order to secure the supply of rare earth oxides for the next 11 months (February 2025 to December 2025), the parties have signed a cooperation agreement for rare earth oxide product business cooperation. The announcement shows that Xintai Technology and its subsidiaries are mainly engaged in the comprehensive utilization of rare earth resources, producing high-purity recycled rare earth oxides through the recycling of rare earth recovery materials, with an annual production capacity of 12,000 tons of rare earth oxides.