China Rare Earth Holdings Limited announced that, effective 12 June 2026, four key personnel stepped down simultaneously:

• Executive directors Ms. Guo Jinying and Mr. Kang Ding resigned to focus on other business commitments. • Independent non-executive director Prof. Yip Tze Wai Albert resigned, relinquishing his roles as audit committee chairman and member of both the remuneration and nomination committees. • Company secretary Ms. Tsui Mei Fung resigned, vacating her posts as authorised representative under Rules 3.05 and 19.05(2).

All departing directors confirmed no disagreements with the board and no matters requiring shareholder attention.

Immediate governance impact The departures leave the board with a single non-executive director and create multiple breaches of Hong Kong Listing Rules, specifically Rules 3.05, 3.10(1), 3.10(2), 3.10A, 3.21, 3.25, 3.27A, and 3.28. Key shortfalls include the absence of: • The minimum three independent non-executive directors. • Audit, remuneration, and nomination committees meeting composition requirements. • A qualified company secretary and two authorised representatives.

The company stated it will “make its best efforts” to appoint suitable candidates and will issue further announcements when positions are filled.

Trading status unchanged Shares of China Rare Earth Holdings (suspended since 1:45 p.m. on 18 June 2025) will remain halted until the firm satisfies all resumption guidance and fully complies with Listing Rules.

At the date of this announcement, the board comprises only Mr. Liu Yuk Ming as non-executive director. Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.