Jl Mag Rare-Earth (06680) repurchased 800,000 H shares on November 4 for approximately HK$11.6924 million.

Jl Mag Rare-Earth (06680) announced that on November 4, 2026, the Company repurchased 800,000 H shares of the Company (H Share Repurchase) on the open market, representing approximately 0.06% of the total number of issued shares of the Company. The total transaction amount of the H Share Repurchase (excluding commissions and other expenses) was approximately HK$11.6924 million, at an average price of approximately HK$14.6155 per H share. The Company will cancel the repurchased H shares at an appropriate time and will accordingly reduce its registered capital. As of the date of this announcement, pursuant to the special resolution passed on April 28, 2026 granting the Board a general mandate to repurchase shares, the Company has repurchased a total of 4,336,800 H shares for a total consideration of approximately HK$68.7467 million. The Board believes that the current H share trading price does not reflect the intrinsic value of the H shares and the actual business prospects of the Company. The Board believes that the H Share Repurchase under the current market conditions will demonstrate the Company's confidence in its own business outlook and prospects, will ultimately benefit the Company and create value for the shareholders of the Company (Shareholders). The H Share Repurchase is conducted when the Board considers appropriate and in the overall interest of the Company and the Shareholders. The Company may further repurchase shares at an appropriate time in accordance with all applicable laws and regulations.