Pingmei approves buyback progress, hires new executive

Pingdingshan Tianan Coal Mining (SSE:601666) has announced the results of its 39th meeting of the ninth board of directors, highlighting progress in its share repurchase program and the appointment of a new vice president. The board approved the 2024 related transaction execution and 2025 expected amount, as well as re-signing the “Daily Related Transaction Agreement.” The company has already repurchased 78,741,992 shares, representing 3.18% of its total equity, for a total cost of 790.8 million yuan, and intends to complete the repurchase within 12 months. In addition, Deng Wuxian has been appointed as vice president. These resolutions will be submitted for approval at the upcoming extraordinary general meeting.