香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何 責 任。 內幕消息 (1) 有 關 暫 停 買 賣 及 調 查 之 最 新 情 況； (2) 有 關 召 開 股 東 特 別 大 會 之 聲 稱 要 求； (3) 額 外 復 牌 指 引； 及 (4) 繼續暫停買賣 本 公 告 乃 由 中 國 稀 土 控 股 有 限 公 司（「本公司」）董 事（「董 事」，並 各 自 稱 為「董 事」） 會（「董事會」）根 據 香 港 聯 合 交 易 所 有 限 公 司（「聯交所」）證 券 上 市 規 則（「上市規 則」）第13.09及13.10條 及 證 券 及 期 貨 條 例（香 港 法 例 第571章）第XIVA部項下之內 幕 消 息 條 文（定 義 見 上 市 規 則）而 作 出。 茲提述本公司日期為(i)二 零 二 五 年 四 月 十 六 日 之 公 告，內 容 有 關 股 份 認 購（「認 購公告」）；(ii)二 ...

Core Viewpoint - The recent release of the "Interim Measures for Total Control Management of Rare Earth Mining and Separation" aims to strengthen the management of rare earth mining and separation, with a focus on total quantity control and regulatory compliance in the industry [2][3]. Group 1: Regulatory Changes - The new measures include the incorporation of imported and processed rare earth products into total quantity control management, providing a legal basis for regulating imported minerals [2]. - The Ministry of Industry and Information Technology, in conjunction with the Ministry of Natural Resources and the National Development and Reform Commission, will set annual control indicators based on various factors including economic development goals and market demand [2][3]. Group 2: Industry Compliance - Only rare earth production enterprises designated by the Ministry of Industry and Information Technology and the Ministry of Natural Resources are allowed to engage in rare earth mining and separation, enhancing industry compliance [3]. - A traceability information system for rare earth products will be established, requiring production enterprises to record and report the flow of rare earth products, which aims to eliminate illegal operations in the sector [3]. Group 3: Investment Opportunities - The report suggests a long-term perspective on rare earth upstream companies, recommending attention to companies such as Northern Rare Earth (600111.SH), China Rare Earth (00769), and Guangxi Chuangsheng Nonferrous Metals (600259.SH) [1].

Core Viewpoint - China Rare Earth (00769) has announced the establishment of an independent investigation committee to identify any potential asset misappropriation, unauthorized transactions, and/or non-compliance with listing rules [1] Group 1 - The board has decided to conduct an investigation into various financial and legal matters, including potential asset misappropriation related to subsidiary companies, acquisition issues, and other potential litigations [1] - The board believes that the evaluation of these matters, including the investigation, should be completed before finalizing the mid-term performance for 2025 [1] - Due to the ongoing investigation, the publication of the mid-term performance for 2025 may be delayed [1] Group 2 - According to listing rule 13.48(1), the company is required to publish its mid-term report within three months after the end of a six-month period [1] - The potential delay in publishing the 2025 mid-term performance may also affect the publication of the group's mid-term report [1] - The company will issue further announcements to inform shareholders and potential investors about the publication of the 2025 mid-term report at an appropriate time [1] Group 3 - The company continues to be suspended from trading [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 就 因 本 公 告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何 責 任。 內幕消息 (I) 可 能 延 遲 刊 發 中 期 業 績； (II) 可 能 延 遲 寄 發 中 期 報 告；及 (III) 繼續暫停買賣 本 公 告 乃 由 中 國 稀 土 控 股 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」） 根 據 香 港 聯 合 交 易 所 有 限 公 司（「聯交所」）證 券 上 市 規 則（「上市規則」）第13.09(2) (a)條 及 證 券 及 期 貨 條 例（香 港 法 例 第571章）（「證券及期貨條例」）第XIVA部項下 之 內 幕 消 息 條 文（定 義 見 上 市 規 則）而 作 出。 茲提述本公司日期為二零二五年七月四日有關成立獨立調查委員會之公告及 日 期 為 二 零 二 五 年 八 月 八 日 有 關（其 中 包 括）聯 交 所 發 出 函 件 載 列 本 公 司 股 份（ ...

Core Viewpoint - The article discusses the dramatic downfall of Jiang Quanlong, the founder of China Rare Earth Holdings Limited, highlighting his transition from a successful entrepreneur to a figure embroiled in debt and controversy, ultimately leading to his removal from the company [2][3][26]. Group 1: Company Background - China Rare Earth Holdings Limited, once a prominent player in the rare earth sector, is currently suspended from trading and missed the recent market surge [2]. - The company was founded by Jiang Quanlong, who became a billionaire through the rare earth industry and was once celebrated as a "rare earth king" [2][9]. - Jiang's company was the first private rare earth and refractory materials producer to be listed on the Hong Kong Stock Exchange in 1999 [9]. Group 2: Financial Performance - The company faced significant financial struggles, reporting a net loss of 1.05 billion HKD in 2024, despite a 10.29% increase in total revenue to 757 million HKD [17]. - From 2012 to 2018, the company experienced seven consecutive years of losses, with a notable loss of 576,000 HKD in 2017 [10][11]. Group 3: Leadership Issues - Jiang Quanlong was found to owe over 200 million RMB in personal debts, leading to his removal from the board by the company [2][22]. - The company has faced internal issues, including reports of asset problems and legal troubles involving subsidiaries [22]. Group 4: Market Context - The rare earth sector saw a significant surge starting in June 2023, with stocks like Jinli Permanent Magnet rising over 40% [18][19]. - China Rare Earth's stock price briefly increased from approximately 0.4 HKD to 0.91 HKD during this market rally before the suspension [19]. Group 5: Capital Maneuvering - Jiang has reportedly structured his assets through overseas companies and family trusts, potentially shielding his wealth from the company's liabilities [22][23]. - The largest shareholder of China Rare Earth is YY Holdings Limited, which is linked to Jiang's family, indicating a complex ownership structure [23][24].

Core Viewpoint - China Rare Earth (00769.HK) has received guidance from the Stock Exchange regarding the resumption of trading, which includes several requirements to address potential issues related to asset misappropriation and compliance with listing rules [1] Group 1: Investigation and Compliance - The company is required to conduct an independent forensic investigation to identify any potential asset misappropriation, unauthorized transactions, or non-compliance with listing rules, including allegations mentioned in complaint letters and issues identified by legal advisors [1] - The investigation must assess the impact on the company's operations and financial condition, publish the results, and implement appropriate remedial measures [1] - The company must demonstrate that there are no reasonable regulatory concerns regarding the integrity, capability, or character of the management and individuals significantly influencing the company's operations, to mitigate risks and restore market confidence [1] Group 2: Internal Controls and Disclosure - An independent internal control review is mandated to prove that the company has sufficient internal controls and procedures in place to comply with listing rules [1] - The company is also required to disclose all material information to allow shareholders and investors to evaluate the company's status [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 就 因 本 公 告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何 責 任。 背 景 內幕消息 (1)復 牌 指 引； (2)委 任 獨 立 法 證 調 查 員；及 (3)繼續暫停買賣 本公司財務顧問 富域資本有限公司 本 公 告 乃 由 中 國 稀 土 控 股 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」） 董 事（「董 事」，並 各 自 稱 為「董 事」）會（「董事會」）根 據 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）證 券 上 市 規 則（「上市規則」）第13.09條 及 證 券 及 期 貨 條 例（香 港 法 例 第571 章）（「證券及期貨條例」）第XIVA部項下之內幕消息條文（定義見上市規則）而作出。 茲 提 述 本 公 司 日 期 為 二 零 二 五 年 五 月 二 十 八 日、二 零 二 五 年 六 月 十 一 日、二 零 二 五 年 六 月 十 六 日、二 零 ...

Group 1: Company Performance - BeiGene reported a net profit of 450 million yuan for the first half of 2025, marking a turnaround from losses in the previous year, with product revenue increasing by 45.8% to 17.36 billion yuan and total revenue rising by 46.0% to 17.52 billion yuan [1] - CITIC Securities announced that Huaxia Fund achieved an operating income of 4.258 billion yuan and a net profit of 1.123 billion yuan in the first half of 2025, with total comprehensive income of 1.106 billion yuan [3] - Shanghai Pudong Development Bank's net profit for the first half of 2025 was 29.737 billion yuan, reflecting a year-on-year growth of 10.19%, with total operating income of 90.559 billion yuan, up 2.62% [6] - Xianhe Co. plans to invest approximately 11 billion yuan in a new integrated high-performance paper-based material project, with an expected annual output value of about 5.15 billion yuan from the first phase [7] - Shengmei Shanghai reported a net profit of 696 million yuan for the first half of 2025, representing a year-on-year increase of 56.99% [14] Group 2: Regulatory and Corporate Actions - Sino Medical's subsidiary received breakthrough medical device designation from the FDA for its intracranial atherosclerosis treatment product, marking it as the first of its kind globally [2] - *ST Dongtong's actual controller and chairman is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws [8] - Tianyang Technology is planning to purchase equity in Tonglian Financial Services, with key transaction details still under negotiation [10] - Dongfang Guoxin's major shareholder reduced their stake by 2.68 million shares, decreasing their total shareholding from 27.06% to 26.82% [5] - Filinger's president reduced his holdings by 8,600 shares during a period of stock price volatility, while other executives did not sell shares [4]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 就 因 本 公 告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何 責 任。 更改香港股份過戶登記處 中 國 稀 土 控 股 有 限 公 司（「本公司」）董 事（「董 事」）會（「董事會」）宣 佈 自 二 零 二 五 年 九 月 一 日 起，本 公 司 之 香 港 股 份 過 戶 登 記 分 處 將 更 改 為： 卓佳證券登記有限公司 香 港 夏慤道16號 遠東金融中心17樓 本 公 司 股 東 及 潛 在 投 資 者 於 買 賣 本 公 司 股 份 時 務 請 審 慎 行 事。 承董事會命 中國稀土控股有限公司 執行董事 郭金英 香 港，二 零 二 五 年 八 月 六 日 於 本 公 告 日 期，董 事 會 成 員 包 括 郭 金 英 女 士 為 執 行 董 事，及 文 剛 銳 先 生、康 帥 杰 先 生 及 葉 仕 偉 教 授 為 獨 立 非 執 行 董 事。 電 話：(852) 2980 1333 傳 真：(852) ...

Investment Rating - Industry Rating: Outperform the Market (Maintain Rating) [1] Core Insights - The report indicates a cautious outlook for the basic metals sector, with copper and aluminum prices experiencing downward pressure due to macroeconomic factors and weak demand [4][10][20] - Precious metals are expected to see upward movement in gold prices driven by recession fears and adjustments in U.S. economic data [6][24] - The report highlights the stability in the rare earth sector, with expectations for improved fundamentals in the upcoming quarter [8] Summary by Sections 1. Base Metals & Precious Metals - Copper: Price has retreated to 78,170 CNY/ton, with low inventory providing some support despite seasonal demand weakness [4][13] - Aluminum: Prices have decreased, with the average price at 20,623 CNY/ton, influenced by rising social inventory and subdued market demand [5][20] - Precious Metals: Gold price averaged 767.63 CNY/gram, down 1.67%, while silver averaged 9,158 CNY/kg, down 1.44% [6][24] 2. Minor Metals - Antimony: Prices remain stable, with market dynamics showing limited supply and demand [7][40] - Lithium: Carbonate prices have dropped, reflecting a cooling market sentiment [40] - Cobalt: Prices are strong due to tight supply conditions, with cobalt intermediate prices rising [42][43] - Tin: Prices have declined, with the average price at 33,410 USD/ton, reflecting weakened macro sentiment [45] - Tungsten: Prices have increased across the board, with black tungsten concentrate averaging 195,500 CNY/ton [51] - Molybdenum: Prices have surged, with molybdenum concentrate averaging 4,315 CNY/ton, driven by strong market demand [61][62] 3. Rare Earths - Rare earth prices are stable, with light rare earth oxide prices increasing by 3.3% to 531,000 CNY/ton, indicating a potential for significant improvement in fundamentals [8]