JL MAG RARE-EARTH CO., LTD. (the ‘Company') hereby announced, as considered and approved at the Sixteenth meeting of the Third Session of the Supervisory Committee of the Company (the ‘Supervisory Committee'), Ms. Sun Yixia, an employee representative supervisor of the Company, was elected as the chairman of the Third Session of the Supervisory Committee of the Company for a term commencing from the date of her appointment to the expiry of the term of the Third Session of the Supervisory Committee. The Company will not enter into a new service contract with Ms. Sun Yixia in connection with her appointment as the chairman of the Supervisory Committee. Ms. Sun Yixia will not receive any remuneration in connection with her appointment as the chairman of the Supervisory Committee but will receive remuneration commensurate with her specific position in the Company, including post salary, performance bonus and benefits, the final remuneration of which will be disclosed in the Company's annual report for the relevant year.

Ms. Sun Yixia, aged 48, was appointed as the chairman of the Supervisory Committee of the Company in March 2023, and is primarily responsible for the overall work of the Supervisory Committee, the supervision of the board of directors (the ‘Directors') of the Company (the ‘Board'), the senior management and the business operations of the Company. Since October 2009, Ms. Sun has served successively as the director and the manager of the human resources department, being responsible for the human resources and administrative management of the Company. From July 2008 to October 2009, Ms. Sun served as the head of the human resources department of Ganzhou City Development Investment Group.

From March 2007 to July 2008, she served as the deputy manager of the administrative department of Jiangxi Yameida Science and Technology Limited Co., Ltd. From May 1998 to March 2007, she served as the secretary to the general manager of Ganzhou Chia Tai Industrial Co., Ltd. Ms. Sun completed her undergraduate program in human resources management through online courses from Zhejiang University in July 2011.