Reference is made to the announcement of China Rare Earth Holdings Limited (Company) dated 19 December 2021 in relation to the entering of the Strategic Cooperation Framework Agreement between the Company and China Northern Rare Earth. Unless otherwise stated, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement. On 30 November 2022, the Company and China Northern Rare Earth entered into a supplemental agreement (Supplemental Agreement) to the Strategic Cooperation Framework Agreement, pursuant to which the parties thereto agreed to extend the term of the Strategic Cooperation Framework Agreement to 18 December 2023.

Save and except the aforesaid change as set out in the Supplemental Agreement, all other terms and conditions of the Strategic Cooperation Framework Agreement remain unchanged.