JL Mag announced on September 24 that Vice President Lu Ming has resigned from the vice president position due to a shift in work focus. After stepping down, Lu Ming will continue to serve as general manager of the company's wholly owned subsidiary JL Mag Ningbo Investment Co., Ltd. and managing director of JL Mag Rare Earth Hong Kong Co., Ltd., overseeing investment-related business and the daily operations of the Hong Kong subsidiary. In the first half of 2026, JL Mag achieved revenue of 4.649 billion yuan and net profit attributable to the parent of 462 million yuan.
Jl Mag Rare-Earth Co Ltd Class AVice President Lu Ming resigns but stays in investment roles at subsidiaries; no clear positive or negative operational impact stated.
