JL Mag Rare-Earth (Baoutou) Co., Ltd. announced a private placement of common shares on March 14, 2022. The transaction will include participation from returning investor, JL Mag Rare-Earth Co., Ltd. to retain 100% equity. After the completion of this capital increase, the registered capital of JL Mag Rare-Earth (Baoutou) Co., Ltd. was changed to CNY 690,000,000, and the company still holds 100% of its equity.