Songyang Resources advances share repurchase plan

Guangdong Songyang Recycling Resources Co., Ltd. (SSE:603863) announced progress in its share repurchase program. As of February 28, 2025, the company had repurchased 26,600 shares, representing 0.0130% of the total share capital, through centralized bidding transactions on the Shanghai Stock Exchange. The repurchase prices ranged from 18.85 to 18.94 RMB per share, with a total expenditure of 502,405.05 RMB (excluding commissions and transfer fees). The company initiated the buyback program on June 13, 2024, with an intended expenditure of between 1,500,000 RMB and 3,000,000 RMB, for employee stock ownership or incentives. The company will continue to implement the repurchase plan in compliance with relevant regulations and will disclose further developments in a timely manner.