CHINA RAREEARTH: The company is actively cooperating with CHINA RAREEARTH Group to address issues related to industry competition and will seize the opportunity to engage in mergers and reorganizations.

On May 14, CHINA RAREEARTH stated at the earnings briefing that the industry competition commitments of its actual controller, CHINA RAREEARTH Group, are currently being fulfilled normally. As the core listed platform of CHINA RAREEARTH Group, the company will unwaveringly implement the high-quality development goals, actively align with the favorable opportunities for integration and green transformation in the Industry, fully leverage its advantages in the Operation of the rare earth industry and as a listed platform, and appropriately promote the integration and reorganization of internal and external rare earth Assets to make proactive efforts to promote the sustainable and healthy development of the Industry.