北方稀土，收到警示函

Core Points - On October 13, Northern Rare Earth received a warning letter from the Inner Mongolia Securities Regulatory Bureau regarding non-compliance with disclosure obligations related to related party transactions [2] - The warning letter disclosed that from February 2019 to December 2024, a subsidiary of Northern Rare Earth, Baotou Steel Group Energy Conservation and Environmental Protection Technology Co., Ltd., had issued a total of 8.9485 million yuan in wages, benefits, and insurance fees to Baolan Environmental Protection Co., Ltd. [2] - The company’s stock price hit the daily limit, closing at a market capitalization of 208.7 billion yuan on the same day [3] Summary by Sections Regulatory Actions - Northern Rare Earth received a warning letter for failing to disclose related party non-operating fund occupation, which violated regulations [2] - The warning letter noted that the subsidiary incurred related expenses totaling 5.8761 million yuan after its acquisition in June 2021 [2] Financial Impact - The total amount of funds involved in the non-compliance was 8.9485 million yuan, which has been fully repaid by Baolan Environmental Protection Co., Ltd. by December 31, 2024 [2] Market Reaction - Following the announcement, Northern Rare Earth’s stock price reached the daily limit, reflecting a market capitalization of 208.7 billion yuan [3]