Youyan new materials: 518 million yuan to transfer its 38.72% shares in Youyan rare earths to China rare Earth Group

[Youyan New Materials: 518 million yuan transfers its 38.72% shares of Youyan rare Earth to China rare Earth Group]-Youyan New Materials announced that the company transferred its 38.7244% shares of Youyan rare earths to China rare Earth Group at a transfer price of 518 million yuan. The company transferred its 5% shares of Youyan rare earths to the controlling shareholder China Youyan at a transfer price of 66.92 million yuan.