JLMAG Announces Change of Joint Company Secretary and Extension of Listing Rules Waiver

Bulletin Express08-20

JLMAG (JL MAG Rare-Earth Co., Ltd.) has confirmed a senior management reshuffle, effective 20 August 2026. Ms. Zhang Xiao has resigned as joint company secretary, authorised representative under Rule 3.05, and Hong Kong process agent, citing other work arrangements. The board recorded no disagreement with Ms. Zhang and expressed appreciation for her service.

Mr. Zhang Tianyuan, a Chartered Secretary and Chartered Governance Professional at SWCS Corporate Services Group (Hong Kong) Limited, has been appointed to the vacated roles. He will serve alongside Mr. Lai Xunlong, who remains joint company secretary and board secretary.

The Hong Kong Stock Exchange has granted a continued waiver from strict compliance with Listing Rules 3.28 and 8.17 for the period from 20 August 2026 to 19 January 2028. During this timeframe Mr. Zhang will assist Mr. Lai, enabling Mr. Lai to accumulate the experience required to act independently as company secretary. The waiver is subject to:

1. Ongoing assistance from Mr. Zhang to Mr. Lai throughout the remaining period. 2. Automatic revocation if the company commits material breaches of the Listing Rules.

Before the waiver expires, the company must demonstrate that Mr. Lai has achieved sufficient expertise to fulfil the role without further relief.

The board formally thanked Ms. Zhang and welcomed Mr. Zhang to his new position.

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