Core Viewpoint - China Rare Earth (00769.HK) is actively discussing with its professional advisors to explore and consider available opportunities for formulating a comprehensive and feasible resumption proposal to address the matters outlined in the resumption guidance [1] Group 1 - The company is committed to closely collaborating with all relevant parties to restore its share trading [1] - The company will keep shareholders and potential investors informed about the progress in achieving the resumption guidance [1] - Trading of the company's shares remains suspended [1]

Market Overview - On September 17, the small metals sector rose by 0.69%, with Yunnan Zhenye leading the gains [1] - The Shanghai Composite Index closed at 3876.34, up 0.37%, while the Shenzhen Component Index closed at 13215.46, up 1.16% [1] Small Metals Sector Performance - Key stocks in the small metals sector showed varied performance, with Yunnan Zhenye closing at 29.14, up 2.43%, and Shenghe Resources at 22.75, up 2.02% [1] - Other notable performers included Baowu Magnesium at 16.46, up 1.98%, and Zhongkuang Resources at 44.29, up 1.82% [1] Trading Volume and Value - Yunnan Zhenye had a trading volume of 480,300 shares, with a transaction value of 1.386 billion yuan [1] - Shenghe Resources recorded a trading volume of 763,500 shares, with a transaction value of 1.710 billion yuan [1] Capital Flow Analysis - The small metals sector experienced a net outflow of 495 million yuan from institutional investors, while retail investors saw a net inflow of 395 million yuan [2][3] - Speculative funds had a net inflow of 101 million yuan into the sector [2] Individual Stock Capital Flow - Yunnan Zhenye had a net inflow of 12.9 million yuan from institutional investors, while it faced a net outflow of 16.33 million yuan from speculative funds [3] - Shenghe Resources saw a net inflow of 78.11 million yuan from institutional investors, but a net outflow of 4.63 million yuan from speculative funds [3]

Core Viewpoint - The recent developments in China's energy sector, particularly in new energy storage, indicate a significant growth phase driven by policy support, market demand, and technological advancements [3][4]. Group 1: Market Performance - As of September 17, 2025, the China Securities National New State-Owned Enterprise Modern Energy Index rose by 0.28%, with notable increases in stocks such as China Coal Energy (up 4.10%) and China Western Power (up 2.03%) [3]. - The Central State-Owned Enterprise Modern Energy ETF (561790) increased by 0.52%, with a latest price of 1.17 yuan, and has seen a cumulative increase of 2.93% over the past month [3]. Group 2: Policy Developments - The National Development and Reform Commission and the National Energy Administration have issued the "New Energy Storage Scale Construction Special Action Plan (2025-2027)", aiming for market-oriented development and technological innovation in the energy storage sector by 2027 [3][4]. - Additional policies released in September include notifications to improve pricing mechanisms for renewable energy and guidelines for the continuous operation of electricity spot markets, emphasizing the importance of energy storage [4]. Group 3: Industry Outlook - Experts suggest that the confluence of policy incentives, surging market demand, rapid technological iterations, and strategic capacity layouts are propelling the energy storage industry into a "golden development period" characterized by simultaneous increases in volume and price [4]. - The index tracking the Central State-Owned Enterprise Modern Energy ETF includes 50 listed companies involved in green energy and fossil energy, with the top ten stocks accounting for 48.28% of the index [4].

Group 1 - The China-EU Chamber of Commerce reported that despite an agreement reached in July to expedite rare earth exports to the EU, strict export controls from China are expected to lead to more shutdowns and losses for European companies [1][3] - Jens Eskelund, the chairman of the China-EU Chamber of Commerce, stated that members are still facing significant bottlenecks despite the commitments made during the July 24 summit [3] - China has implemented export controls on certain rare earths and rare earth magnets following the tariffs announced by former U.S. President Trump, causing production delays and large-scale shutdowns for automotive manufacturers in Europe and other regions [3] Group 2 - The majority of the world's rare earths are processed and refined in China, which are widely used in automotive manufacturing and defense industries [3] - Although China agreed to expedite export licenses for critical raw materials during the summit with EU Commission President Ursula von der Leyen, this has not met the EU's demands for extended license periods or the cancellation of export licenses [3] - Since the summit, the approval process for licenses has begun to slow down, leading to an increase in complaints and requests for assistance from members of the China-EU Chamber of Commerce [4]

证券代码：000831 证券简称：中国稀土 公告编号：2025-057 中国稀土集团资源科技股份有限公司 2025 年第三次临时股东大会决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东大会没有出现否决提案的情形； 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 1、会议召开情况 （1）召开时间：现场会议召开时间：2025 年 9 月 16 日（星期二）14:50。 网络投票时间：2025 年 9 月 16 日（星期二）。其中，通过深交所交易系统进行 网络投票的具体时间为 2025 年 9 月 16 日 9:15～9:25，9:30～11:30，13:00～ 15:00；通过深交所互联网投票系统投票的具体时间为 2025 年 9 月 16 日 9:15～ 15:00 期间的任意时间。 （2）召开地点：江西省赣州市章贡区章江南大道 18 号豪德银座 A 栋 14 层 （3）召开方式：现场记名投票和网络投票相结合的方式。同一股份只能选 择现场投票和网络投票的一种表决方式，表决结果以第一次有效投票结果为准 ...

北京市嘉源律师事务所 关于中国稀土集团资源科技股份有限公司 2025 年第三次临时股东大会的 法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国·北京 嘉 濾 霍师事务 所 IA YUAN LAW OFFICES 北京 BEIJING · 上海 SHANGHAI · 深圳 SHENZHEN · 香港 HONG KONG · 广州 GUANGZHOU · 西安 XI'AN 致:中国稀土集团资源科技股份有限公司 北京市嘉源律师事务所 关于中国稀土集团资源科技股份有限公司 2025年第三次临时股东大会的法律复见书 嘉源(2025)-04-681 北京市嘉源律师事务所(以下简称"本所")接受中国稀土集团资源科技股 份有限公司(以下简称"公司")委托,根据《中华人民共和国公司法》(以下 简称"《公司法》")《上市公司股东会规则》(以下简称"《股东会规则》") 等现行有效的法律、行政法规、部门规章、规范性文件(以下简称"法律法规") 以及《中国稀土集团资源科技股份有限公司公司章程》(以下简称"《公司章程》") 的有关规定,指派本所律师对公司 2025年第三次临时股东大会(以下简称"本 次股东大会"）进行见证 ...

Market Overview - The Shanghai Composite Index rose by 0.04% on September 16, with 21 out of the 28 sectors experiencing gains. The top-performing sectors were Comprehensive and Machinery Equipment, with increases of 3.62% and 2.06% respectively. Conversely, the Agriculture, Forestry, Animal Husbandry, and Fishery sector and the Banking sector saw declines of 1.29% and 1.15% respectively [2]. Fund Flow Analysis - The main funds in the two markets experienced a net outflow of 37.426 billion yuan. Among the sectors, 11 saw net inflows, with the Machinery Equipment sector leading with a net inflow of 5.508 billion yuan, while the Computer sector also saw a rise of 2.06% with a net inflow of 4.945 billion yuan [2]. - The sectors with the largest net outflows included the Non-ferrous Metals sector, which had a net outflow of 10.335 billion yuan, followed by the Power Equipment sector with an outflow of 8.913 billion yuan. Other sectors with significant outflows included Banking, Non-bank Financials, and Pharmaceutical & Biological sectors [2]. Non-ferrous Metals Sector Performance - The Non-ferrous Metals sector declined by 0.99%, with a total net outflow of 10.335 billion yuan. Out of 137 stocks in this sector, 41 stocks rose while 92 stocks fell. Notably, 26 stocks experienced net inflows, with 12 stocks seeing inflows exceeding 10 million yuan. The top stock for net inflow was Baowu Magnesium Industry, with an inflow of 90.8021 million yuan [3]. - The stocks with the largest net outflows included Northern Rare Earth, Zijin Mining, and China Rare Earth, with outflows of 1.9335 billion yuan, 1.304 billion yuan, and 705.1 million yuan respectively [3][5]. Top Gainers in Non-ferrous Metals - The top gainers in the Non-ferrous Metals sector included: - Baowu Magnesium Industry: +3.99%, 9.28% turnover, 90.8021 million yuan inflow - Xiaocheng Technology: +5.61%, 31.89% turnover, 38.4626 million yuan inflow - Xingye Silver Tin: +2.30%, 3.97% turnover, 28.5589 million yuan inflow [4]. Top Losers in Non-ferrous Metals - The stocks with the largest losses in the Non-ferrous Metals sector included: - Northern Rare Earth: -4.02%, 6.63% turnover, -1.932887 billion yuan outflow - Zijin Mining: -0.71%, 1.52% turnover, -1.3037478 billion yuan outflow - China Rare Earth: -3.70%, 8.13% turnover, -705.4113 million yuan outflow [5][6].

Group 1 - The small metal sector experienced a decline of 2.56% on September 16, with Guangsheng Nonferrous Metals leading the drop [1][2] - The Shanghai Composite Index closed at 3861.87, up 0.04%, while the Shenzhen Component Index closed at 13063.97, up 0.45% [1] - Major stocks in the small metal sector showed mixed performance, with Baowu Magnesium rising by 3.99% and Guangsheng Nonferrous Metals falling by 4.68% [1][2] Group 2 - The small metal sector saw a net outflow of 4.729 billion yuan from main funds, while retail investors contributed a net inflow of 3.898 billion yuan [2][3] - The trading volume and turnover for key stocks varied significantly, with Baowu Magnesium achieving a turnover of 1.284 billion yuan and Guangsheng Nonferrous Metals at 1.231 billion yuan [1][2] - The net inflow from retail investors was notable in several stocks, including Huayang New Materials, which saw a net inflow of 142.386 million yuan [3]

Core Viewpoint - The rare metals sector is experiencing a mixed performance, with recent regulatory changes and supply-demand dynamics influencing market trends [1][4][5]. Group 1: Market Performance - As of September 16, 2025, the China Securities Rare Metals Theme Index has decreased by 2.23%, with leading stocks such as Guangsheng Nonferrous Metals and Northern Rare Earths showing declines [1]. - The Rare Metals ETF (562800) has seen a 13.27% increase over the past month, indicating a strong recovery trend [1]. - The Rare Metals ETF has achieved a record high in scale, reaching 2.735 billion yuan, and a record high in shares at 3.558 billion, leading among comparable funds [4]. Group 2: Trading Activity - The Rare Metals ETF recorded an intraday turnover of 8.19%, with a transaction volume of 218 million yuan [4]. - Over the past week, the ETF has maintained an average daily transaction volume of 230 million yuan, ranking first among comparable funds [4]. - The ETF has seen a net inflow of 231 million yuan recently, with three out of the last five trading days showing positive net inflows totaling 304 million yuan [4]. Group 3: Supply and Demand Dynamics - The supply side remains tight, with upstream raw ore separation enterprises maintaining stable operations, although some face reduced operating rates due to raw material supply constraints [5]. - Demand from downstream magnetic material companies remains strong, with major manufacturers maintaining high operating rates and sufficient order reserves [5]. - Recent data indicates a 3.4% month-on-month decrease in China's rare earth exports in August, while export value increased by 51%, reflecting a "volume decrease, price increase" trend [4]. Group 4: Key Stocks - The top ten weighted stocks in the rare metals index account for 57.58% of the total index, with Northern Rare Earths and Luoyang Molybdenum being the most significant contributors [5]. - Notable declines in stock prices include Northern Rare Earths down by 3.98% and Guangsheng Nonferrous Metals down by 1.66% [7].

Group 1 - The core viewpoint indicates that non-ferrous metal stocks are experiencing a decline, with significant drops in Chinese rare earths and other related companies [1] - The market impact shows that related ETFs in the non-ferrous and mining sectors have fallen over 2% [1] - Specific declines include over 5% drop in Chinese rare earths, and more than 4% drop in companies like Northern Rare Earth and Luoyang Molybdenum [1] Group 2 - Various non-ferrous metal ETFs have reported declines, with the Industrial Non-Ferrous ETF down 2.68% and the Non-Ferrous Metal ETF down 2.61% [2] - A broker has indicated that the non-ferrous metal sector will continue to face high market volatility risks in 2025 due to uncertainties from both demand and supply sides [2] - Emerging demand in the downstream structure of copper and aluminum is expected to support a long-term upward shift in non-ferrous metal prices [2]