Jinli Permanent Magnet: Intends to acquire a 9.24% stake in Xixi Exchange for 22.08 million yuan.

Jinli Permanent Magnet announced that the company plans to transfer 9.24% of the equity held by North Rare Earth in the Rare Earth Exchange through the Inner Mongolia Property Rights Trading Center by public listing, with an expected transaction price of 22.0836 million yuan. This investment does not constitute a related party transaction or a major asset restructuring. If the transaction is completed, it will enhance the company's rare earth raw material supply security capabilities and strengthen its overall competitiveness. However, this transaction must go through the statutory procedures of state-owned asset transactions, and there is uncertainty as to whether it can be successfully implemented, as the operation of the Rare Earth Exchange is influenced by various factors.