Chinese Rare Earths: The company is actively cooperating with China Rare Earth Group to address the issue of industry competition, and will seek opportunities to carry out mergers and acquisitions.

On May 14th, China Rare Earths stated at its performance briefing that currently, the company's actual controlling entity, China Rare Earth Group, is fulfilling its commitments in normal competition. As the core listed platform of China Rare Earth Group, the company will firmly implement the goal of high-quality development, actively align with the favorable opportunities for integration and green transformation in the rare earth industry, fully leverage its advantages in rare earth industry operation and listing platform, timely promote the integration and restructuring of rare earth assets internally and externally, and make positive efforts to promote the sustainable and healthy development of the rare earth industry. At present, the company is actively cooperating with China Rare Earth Group to address issues related to competition in the industry, and will seize the opportunity to carry out mergers and acquisitions and restructuring.