An externally applied magnetic field during annealing the $Nd_{2}Fe_{14}B/Fe_{3}B$ based spring magnet was found to enhance the exchange coupling between the hard and soft magnetic grains. More than 30 % increase in remanence values for melt-spun $Nd_{4}Fe_{73.5}Co_{3}(Hf_{1-x}-Ga_{x})B_{18.5}$(x=0, 0.5, 1.0) alloys was resulted from uniform distribution of $Fe_{3}B$, $alpha$-Fe as well as $(Nd_{2}Fe_{14}B)$, and also from reduced grain size of those phases by 20 %. The result also showed that there is an optimum grain size exhibiting a high coercivity value which will be discussed in terms of previously simulated exchange coupling parameter.