JL MAG RARE-EARTH CO., LTD. (JLMAG) filed a Next Day Disclosure Return with the Hong Kong Stock Exchange on 6 November 2026, outlining its latest share capital position and ongoing buyback activity.
Key points
1. Issued Capital Unchanged • As at 6 November 2026, JLMAG’s issued H-share capital remained at 240.33 million shares. No new shares were issued and no treasury shares were cancelled during the period under review.
2. Recent Repurchases Not Yet Cancelled • 04 Nov 2026: 800,000 H shares repurchased at a volume-weighted average price of HKD 14.6155 per share (0.06 % of total shares). • 05 Nov 2026: 1,048,600 H shares repurchased at HKD 14.8979 per share (0.08 %). • 06 Nov 2026: 80,000 H shares repurchased on-market at prices between HKD 14.61 and HKD 14.74, costing HKD 1.17 million (0.01 %).
Cumulatively, 1.93 million H shares (0.15 % of the company’s total A- and H-share base) are awaiting cancellation following the three-day series of buybacks.
3. Progress Under 2026 Repurchase Mandate • Shareholders approved a mandate on 28 April 2026 authorising repurchases of up to 137.56 million shares. • To date, 5.47 million shares have been repurchased on the Exchange, equating to 0.40 % of the company’s issued share capital at the mandate date. • Post-transaction headroom under the mandate stands at approximately 132.09 million shares.
4. Moratorium on New Issuances • In accordance with Hong Kong listing regulations, JLMAG is restricted from issuing new shares or disposing of any treasury shares for 30 days following the latest buyback, setting the moratorium period until 6 December 2026.
The company confirmed that all repurchases complied with the Main Board Listing Rules and that no material changes have been made to the repurchase mandate’s explanatory statement.
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