Zhitong Financial App News, Jinli Permanent Magnet (06680.HK) issued an announcement. On July 5, 2024, Jinli Permanent Magnet Green Technology (Hong Kong Technology) Limited (Jinli Hong Kong Technology), a wholly-owned subsidiary of the company, signed a “Binding Term Sheet” (list of binding terms) (list of binding terms) with the Australian-listed rare earth company Hastings Technology Metals Limited (shares listed on the Australian Stock Exchange, stock code: HAS) (HASings)) (HASings) (HASings) Hong Kong Technology subscribed for an additional 19.647 million shares of Hastings common stock at a subscription price of $0.36 per share, with a total subscription amount of approximately 7.07 million Australian dollars (approximately RMB 34.6 million). Since the prerequisites for this subscription have not been met, the share subscription has been terminated after careful consideration by the company.

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