HK Stock Market Move | JL Mag Rare-Earth (06680) fell by more than 7%, some directors and senior executives plan to reduce their holdings of the company's shares.

Jl Mag Rare-Earth (06680) fell more than 7%, as of the time of writing, it was down 7.6%, at HKD 21.14, with a turnover of HKD 190 million. On the news front, on November 2, Jl Mag Rare-Earth announced that the company recently received a "Notice of Share Reduction Plan" from the company's director and senior management personnel Lu Feng, senior management personnel Huang Changyuan, Yu Han, Lu Ming, and Xie Hui. The above-mentioned directors and senior management personnel collectively hold 8.4242 million shares of the company, accounting for 0.62% of the total share capital of the company after deducting the shares in the repurchase special account (0 shares). The above-mentioned directors and senior management personnel plan to reduce their holdings of company shares by no more than 2.1061 million shares within 3 months after 15 trading days from the date of this announcement (from November 24, 2025 to February 23, 2026) through centralized bidding or bulk trading, accounting for 0.15% of the total share capital of the company after deducting the shares in the repurchase special account (0 shares). In case of dividends, bonus issues, capital reserve capitalization and other ex-rights issues, the number of shares to be reduced will be adjusted accordingly.