JLMAG Executes Additional HK$15.62 Million H-Share Buyback; Cumulative Repurchases Reach HK$84.37 Million

Bulletin Express11-05

JLMAG (JL MAG Rare-Earth Co., Ltd.) disclosed that it repurchased 1.05 million H shares on 5 November 2026 through on-market transactions, equivalent to 0.08% of its total issued share capital. The average purchase price was HK$14.90 per share, bringing the latest outlay to HK$15.62 million.

Including this tranche, the company has acquired an aggregate 5.39 million H shares for HK$84.37 million since shareholders granted a general repurchase mandate on 28 April 2026. All bought-back shares will be cancelled, resulting in a corresponding reduction of registered capital.

The board reiterated that the prevailing market price does not fully reflect the intrinsic value or business prospects of the company, and views the repurchase programme as a demonstration of confidence in JLMAG’s outlook. Post-transaction, the company confirmed that it continues to meet the public-float requirements of the Hong Kong Stock Exchange.

JLMAG stated it may undertake further share repurchases subject to market conditions and compliance with applicable regulations. Investors are advised to exercise caution when trading the company’s securities.

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