V viewing financial report ｜ Minmetals rare earth: It is intended to change the securities as "China Rare Earth"

Zhongxin Jingwei, September 20th. After a week after the announcement of the announcement of the announcement company's shares, the Ministry of Field Rare Earth was renamed "China Rare Earth".

After the 20th on the 20th, the Ministry of Field Rare Earth Announcement, the company intends to change the name from the original "Minmetals Rare Earth Co., Ltd." to "China Rare Earth Group Resources Technology Co., Ltd.", and the securities abbreviated from "Minmetals Rare Earth" to "China Rare Earth" to "China Rare Earth Earth" "".

Regarding the reasons for the company name and the simplicity of the securities abbreviation, the rare earth of the Ministry of Earth Mines is to further deepen the reform of state -owned enterprises, optimize the allocation of resources, and promote professional integration. The company (hereinafter referred to as "China Rare Earth Group"), and the equity of China Rare Rare Earth Co., Ltd. held by China Aluminum Group Co., Ltd., the Ministry of Five Mine Rare Earth Co., Ltd., the Five Mine Rare Earth Co., Ltd., the company owned by China Minmetals Group Co., Ltd. The equity of Mineral Rare Earth Group Co., Ltd., as well as the overall stating of the equity of the equity Go to China Rare Earth Group. At present, China Rare Earth Group directly holds 158 million shares of rare earths (16.10%of the company's total share capital), and holds 235 million shares of the Ministry of Five Mine Rare Earth (accounting for the total share capital of the company 23.98%), a total of 393 million shares of rare earths were held (40.08%of the company's total share capital).

The actual controller of the company has changed from China Minmetals Group Co., Ltd. to China Rare Earth Group; the actual controller is still the State -owned Assets Supervision and Administration Commission of the State Council.

To the Ministry of Field Rare Earth, in view of the fact that the company's actual controller has changed to China Rare Earth Group, in order to effectively implement the high -quality development requirements of the rare earth industry and build the company's continuous brand effect, the company intends to change its name and securities abbreviation. This change of the company's name and securities abbreviation matters conform to the company's business essence and core business development plan, help enhance the company's brand image and market influence, and promote the company's high -quality development.

The Minmetals Rare Earth issued an announcement on September 13 that the company's shares have completed transfer registration and the actual controller's change stated that the company has recently received a notice from China Rare Earth Group, and Shenzhen Branch of China Securities Registration and Settlement Co., Ltd. "Confirmation", the company held 158 million shares held by the Minmetals (16.10%of the company's total share capital) has been registered under the name of China Rare Earth Group, and this transfer has been completed. After the completion of the transfer, the company's controlling shareholder is still the Ministry of Field Rare Earth Group. The actual controller has changed from the Chinese Minmetals to China Rare Earth Group; the actual controller is still the State Council of the State Council.

According to CCTV Finance and Economics, on December 23, 2021, China Rare Earth Group Co., Ltd. was formally established.

China Rare Earth Group is China Aluminum Group Co., Ltd., China Minmetals Group Co., Ltd., and Ganzhou Rare Earth Group Co., Ltd. The company and other two rare earth technology R & D enterprises, large -scale rare earth enterprise groups formed in accordance with the principles of marketization and rule of law.

After the formation, China Rare Earth Group belongs to the State Council State -owned Assets Supervision Commission's direct supervision of equity diversified central enterprises. The equity structure is: 31.21%of the State -owned Assets Supervision and Administration Commission of the State Council; China Aluminum Group Co., Ltd. Hold 20.33%respectively; China Steel Research Technology Group Co., Ltd. and Youyan Technology Group Co., Ltd. held 3.90%respectively. The establishment of China Rare Earth Group is a useful exploration and attempt by CNOCO Group, China Minmetals Group and Ganzhou Rare Earth Group based on the needs of enterprises' own development and adapting to the development of the industry. (Zhongxin Jingwei APP)

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