According to the China Rare Earth announcement, in order to truly reflect the financial, asset and operating conditions, the company calculated asset impairment reserves of 24.6452 million yuan after an inventory of assets within the scope of the consolidated statement as of June 30, 2026, of which inventory depreciation losses were 24.6452 million yuan, and fixed asset impairment losses were 0 yuan. This calculation will increase the company's total consolidated profit from January to June 2026 by 24.6452 million yuan, which complies with relevant regulations, fairly reflects the company's situation, and does not harm shareholders' interests.

According to the China Rare Earth announcement, in order to truly reflect the financial, asset and operating conditions, the company calculated asset impairment reserves of 24.6452 million yuan after an inventory of assets within the scope of the consolidated statement as of June 30, 2026, of which inventory depreciation losses were 24.6452 million yuan, and fixed asset impairment losses were 0 yuan. This calculation will increase the company's total consolidated profit from January to June 2026 by 24.6452 million yuan, which complies with relevant regulations, fairly reflects the company's situation, and does not harm shareholders' interests.