Highlights

• Leading rare-earth magnet manufacturer JL MAG to hold extraordinary general meeting on October 27, 2025.
• Proposed interim dividend of RMB 1.8 per 10 shares.
• Potential share issuance of up to 5%.
• Company positioned at the forefront of green technology supply chains with expanding production capacity.

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Key highlights today:

• EGM on October 27, 2025: JL MAG Rare-Earth Co., Ltd. will hold its second Extraordinary General Meeting (EGM) of the year on Oct. 27, 2025, in Jiangxi Province, China.
• Key Resolutions: Shareholders will vote on a 2025 interim profit distribution (cash dividend) plan and a refreshed mandate allowing the issuance of additional A or H shares (up to 5% of existing shares).
• Company Overview: Founded in 2008, JL MAG is a leading manufacturer of high-performance rare-earth magnets, dual-listed in Shenzhen and Hong Kong, with 11 subsidiaries and a strong presence in green-tech supply chains.

EGM Details and Significance

JL MAG Rare-Earth Co., Ltd. – a prominent producer of neodymium-iron-boron (NdFeB) permanent magnets – has announced an extraordinary general meeting for October 27, 2025. The agenda includes two critical proposals. First, the 2025 interim profit distribution plan entails an interim cash dividend for the first half of 2025. According to the company’s announcement, this dividend is RMB 1.8 per 10 shares (approximately RMB 0.18 per share), reflecting JL MAG’s commitment to returning value to its shareholders. Second, the EGM will seek approval to refresh the general mandate for issuing new equity. If approved, the board would gain authority to issue up to 5% of the company’s outstanding A or H shares (capped at roughly 5% ofthe current share count) without further shareholder approval. This renewed mandate provides flexibility for capital raising or strategic financing, indicating a proactive approach to managing capital structure.

JL MAG Rare-Earth Co., Ltd Locations

Investor Impact

These resolutions, if passed, could have notable implications for investors. The interim dividend boosts short-term shareholder returns, underlining confidence in the firm’s earnings. Meanwhile, the expanded share issuance mandate, while potentially dilutive if exercised, equips JL MAG with the agility to fund growth projects or strengthen its balance sheet. Company management’s stance suggests a “proactive approach in managing capital structure and rewarding investors”, balancing growth needs with shareholder value considerations.

Company Profile and Market Context

JL MAG Rare-Earth Co., Ltd. is a high-tech enterprise specializing in rare-earth permanent magnetic materials, particularly NdFeB magnets. Founded in 2008 in Ganzhou (Jiangxi) – a major rare-earth mining hub – the company has rapidly grown into a global leader in high-performance magnets. It is dual-listed on the Shenzhen Stock Exchange (A-share code: 300748.SZ) and the Hong Kong Stock Exchange (H-share code: 06680.HK). As of 2025, JL MAG boasts 11 subsidiaries and a registered capital of approximately RMB 1,343 million. The firm’s magnets and magnetic components are used across key industries: new energy vehicles (EVs) and auto parts, energy-efficient home appliances (e.g. inverter air conditioners), wind power turbines, industrial robots and servo motors, 3C electronics, elevators, and rail transit equipment. This broad application scope positions JL MAG at the heart of fast-growing sectors driven by clean energy and advanced technology trends.

The company has invested heavily in expanding its production capacity to meet surging demand. By end-2024, annual output capacity reached 38,000 tonnes of rare-earth magnets, with plans underway to scale to 60,000tonnes in the coming years. Secure supply of raw materials is another strength – headquartered in China’s rare-earth mining region, JL MAG maintains long-term supply agreements with major producers, ensuring stability in sourcing critical rare-earth oxides.

Stock Performance & Outlook

JL MAG’s Class H shares (HKEX: 6680) have been actively traded, with an average daily volume of around 16 million shares. The stock currently carries a “Buy” technical sentiment signal on TipRanks, reflecting positive momentum. As of early October 2025, the company’s market capitalization hovers near HK$47.6 billion. Notably, this is a significant rise from roughly HK$39 billion in mid-September, indicating improved investor sentiment over recent weeks. Analysts also maintain a generally bullish outlook, citing JL MAG’s pivotal role in the electric vehicle and renewable energy supply chain. Continued government support for EVs and clean energy, alongside China’s rare-earth export policies, could further influence JL MAG’s growth trajectory and stock performance in the medium term.

In summary, JL MAG Rare-Earth’s upcoming EGM underscores its dual focus on rewarding shareholders and strategic growth. Investors will be watching the October 27 meeting closely for decisions on the dividend payout and share issuance authority, as these will shape the company’s financial strategy heading into 2026. With strong fundamentals in a high-demand industry, JL MAG’s moves to optimize its capital and capacity suggest it is positioning itself to capitalize on global trends in electrification and green technology.

Sources: JL MAG EGM announcement and company details.

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