Rnm: Absorption merger between two wholly-owned rare earth subsidiaries

Rnm announced that its wholly-owned subsidiary Deqing Xingbang Rare Earth New Materials Co., Ltd. plans to absorb and merge with its wholly-owned subsidiary Qingyuan Jiahe Rare Metals Co., Ltd. After the absorption and merger is completed, the legal entity of Jiahe Company will be legally deregistered, and Xingbang Company will continue to exist. This absorption and merger aims to strengthen regional centralized management, reduce operating costs, enhance overall efficiency, improve the core competitiveness of the enterprise, and promote the company to achieve high-quality sustainable development. This absorption and merger belongs to a business combination under common control, does not affect the inflow and outflow of overall economic benefits, and will not have a substantial impact on the company's normal operations and financial condition