Metallurgical Corporation of China announces share repurchase plans

Metallurgical Corporation of China Limited has announced a voluntary A Share Repurchase Plan and will seek an H Share Repurchase Mandate. The A Share Repurchase Plan aims to repurchase between 1bn yuan and 2bn yuan of A shares, which will then be cancelled. The maximum repurchase price for A shares will not exceed 150% of the average trading price for the 30 trading days prior to the board's approval, set at 4.90 yuan per A share. This is expected to represent approximately 0.98% to 1.97% of the company's total issued share capital.

For H shares, the company will seek a mandate to repurchase up to 10% of the total H shares in issue, with a maximum repurchase amount not exceeding 500m yuan. All repurchased H shares will also be cancelled. Both repurchase plans are subject to shareholder approval at a general meeting via special resolutions.

The company emphasizes that the repurchase of shares will be subject to market conditions, and there is no guarantee regarding the timing, volume, or price of the repurchase. Shareholders and investors are advised to exercise caution.