Chongqing Iron & Steel completes share repurchase cancellation

Chongqing Iron & Steel Company (SSE: 601005) announced the completion of the cancellation of its repurchased shares, effective February 18, 2025. The cancellation involved 66,838,500 shares, representing 0.749% of the company's total share capital before the cancellation. Following the cancellation, the total number of issued shares has decreased from 8,918,602,267 to 8,851,763,767. The company confirms that the share cancellation process adheres to relevant laws and regulations. The shares were repurchased through a centralized competitive bidding method, with the total repurchase amount falling between RMB 50 million and RMB 100 million. The company stated that the cancellation would not have a material impact on its financial standing, operations, or debt-paying capabilities.