JL Mag unit Jinli Baotou Smart Manufacturing secures RMB 400 million loan guarantee

• JL Mag Rare-Earth provided new guarantees for bank financing at two wholly owned subsidiaries, covering up to CNY 500 million in principal.
• Jiangxi Jincheng Permanent Magnet New Materials received a CNY 100 million maximum guarantee tied to a Bank of China credit facility; guarantee term set at three years from debt-maturity date.
• JL Mag (Baotou) Intelligent Manufacturing received a CNY 400 million maximum guarantee tied to a China Construction Bank project-financing loan; guarantee term set at three years from debt-maturity date.
• Post-transaction, remaining approved guarantee headroom stood at CNY 2 billion for Jincheng Permanent Magnet, CNY 8 billion for JL Mag Baotou.
• Total outstanding guarantees for subsidiaries reached CNY 2.11 billion, equal to 27.87% of latest audited net assets; no overdue external guarantees reported.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jl Mag Rare-Earth Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260512-12156495), on May 12, 2026, and is solely responsible for the information contained therein.