CNRE(SH:600111) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-03-28 22:46Core Viewpoint - The announcement details the shareholding increase by Baotou Steel (Group) Co., Ltd., the controlling shareholder of Northern Rare Earth (Group) High-Tech Co., Ltd., which is part of a previously disclosed share acquisition plan and does not trigger a mandatory takeover bid [2][4]. Group 1: Shareholding Changes - Baotou Steel (Group) Co., Ltd. increased its shareholding in Northern Rare Earth from 1,331,700,569 shares (36.84% of total shares) to 1,373,724,991 shares (38% of total shares) as of March 28, 2025 [2][4]. - The increase in shareholding was executed through a series of transactions, with a total of 36,150,722 shares acquired between March 18 and March 28, 2025, amounting to approximately 837.81 million yuan [4]. Group 2: Share Acquisition Plan - The share acquisition plan was announced on March 1, 2025, with Baotou Steel intending to invest between 5 billion yuan and 10 billion yuan using a combination of bank loans and its own funds [3]. - The plan aims to enhance investor confidence and support the company's long-term development, with no specific price range set for the share purchases [3]. Group 3: Future Plans - Baotou Steel (Group) Co., Ltd. intends to continue its share acquisition plan in the future, indicating ongoing support for Northern Rare Earth [5]. - The company will adhere to relevant regulations and maintain transparency regarding the implementation of the share acquisition plan [7].