• Jl Mag Rare-Earth terminated its planned equity subscription in ASX-listed Hastings Technology Metals.
• Deal signed July 5, 2024, for 19,647,000 newly issued Hastings ordinary shares at AUD 0.36 each.
• Total subscription value about AUD 7.07 million, or about RMB 34.6 million.
• Termination followed failure to satisfy conditions precedent; no payment made, subscription terms never took effect.
• Move expected to have no material impact on normal operations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jl Mag Rare-Earth Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260807-12277694), on August 07, 2026, and is solely responsible for the information contained therein.