According to the Xiamen Tungsten Industry announcement, the company invested a total of 593 million yuan to acquire 30.1683% of the shares of Jiangxi Jutong Industrial Co., Ltd. held by related parties, and also signed a “Concerted Action Agreement” with the controlling shareholder Fujian Rare Earth Co., Ltd., agreeing that the two parties will take concerted action at the Jiangxi Jutong Board of Directors and Shareholders' Meeting. On November 3, 2026, the registration process for the change in the subject equity industry was completed, and the “Concerted Action Agreement” was signed and put into effect on the same day. As of the announcement date, the company directly held 31.5166% of Jiangxi Jutong's shares. Jiangxi Jutong became the company's actual controller and included in the scope of consolidated financial statements.

According to the Xiamen Tungsten Industry announcement, the company invested a total of 593 million yuan to acquire 30.1683% of the shares of Jiangxi Jutong Industrial Co., Ltd. held by related parties, and also signed a “Concerted Action Agreement” with the controlling shareholder Fujian Rare Earth Co., Ltd., agreeing that the two parties will take concerted action at the Jiangxi Jutong Board of Directors and Shareholders' Meeting. On November 3, 2026, the registration process for the change in the subject equity industry was completed, and the “Concerted Action Agreement” was signed and put into effect on the same day. As of the announcement date, the company directly held 31.5166% of Jiangxi Jutong's shares. Jiangxi Jutong became the company's actual controller and included in the scope of consolidated financial statements.