JL MAG Rare-Earth Co., Ltd. (JLMAG) announced that every resolution tabled at the 2025 Annual General Meeting held on 28 April 2026 in Ganzhou was approved by poll, paving the way for a cash payout and refreshed capital mandates.
Turnout and Voting • Voting rights representing 595.18 million shares—43.27% of the 1.38 billion outstanding shares—were exercised. • All seven ordinary resolutions secured at least 91.32% support; the annual report, board work report and profit-distribution plan each exceeded 99.84% in favour. • Five special resolutions, including a registered-capital change, new share-issue mandate and debt-financing mandate, also passed comfortably, with support ranging from 89.57% to 99.86%.
Cash Dividend for FY2025 • Shareholders will receive RMB2.20 (tax inclusive) per 10 shares, equivalent to RMB0.22 per share. • Payment date: on or about 26 June 2026. • Record date: 8 May 2026; the H-share register will be closed 5–8 May 2026 (both days inclusive). • H-shareholders will be paid HK$2.510968 per 10 shares, based on an exchange rate of RMB0.876156 to HK$1. • Bank of China (Hong Kong) Trustees Limited will act as receiving agent; dividend warrants will be mailed by Computershare Hong Kong Investor Services.
Key Governance Decisions • Registered capital adjustment and amendments to the Articles of Association were endorsed. • The board obtained: – A general mandate to issue additional A or H shares. – Authorisation for small-scale rapid equity financing. – A mandate to issue domestic or overseas debt instruments. – Authority to repurchase shares. • Directors’ allowances were revised and liability insurance for directors and senior management was approved.
Auditor and Credit Facilities • Re-engagement of auditors for FY2026 secured 98.49% support. • The company and its subsidiaries were authorised to apply for bank credit facilities and related guarantees, with 91.32% approval.
No shareholder signalled an intention to vote against any proposal ahead of the meeting, and legal counsel Jingtian & Gongcheng confirmed the AGM complied with all regulatory and corporate governance requirements.
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