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

Zhito Finance APP News: JL Mag Rare-Earth (06680) has announced that, by leveraging the platform resources and investment capabilities of professional investment institutions, it actively identifies and invests 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 the capital of its wholly-owned subsidiary JL Mag (Ningbo) Investment Co., Ltd. (hereinafter referred to as "JL Ningbo Investment") by no more than RMB 30 million, and through JL Ningbo Investment, using the capital increase funds and its own funds, to participate in the investment in Jiaxing Jinchi Zhilian Venture Capital Partnership (Limited Partnership) [the final name shall be subject to industrial and commercial registration] (hereinafter referred to as the "Jiaxing Jinchi Zhilian Fund"), subscribing for a share of RMB 55 million. After the capital increase is completed, the registered capital of JL Ningbo Investment will increase from RMB 350 million to RMB 380 million, and the Company will still hold 100% of its equity.