In this paper, we study the energy critical 1-equivariant Landau-Lifschitz flow mapping R2 to S2 with arbitrary given coefficients ρ1∈R,ρ2>0. We prove that there exists a codimension one smooth well-localized set of initial data arbitrarily close to the ground state which generates type-II finite-time blowup solutions, and give a precise description of the corresponding singularity formation. In our proof, both the Schrödinger part and the heat part play important roles in the construction of approximate solutions and the mixed energy/Morawetz functional. However, the blowup rate is independent of the coefficients.