Wujin Stainless Steel continues share repurchase program

Jiangsu Wujin Stainless Steel Pipe Group (SSE:603878) announced progress in its share repurchase program through centralized bidding transactions. As of February 28, 2025, the company had repurchased 4,200,000 shares, representing 0.75% of the total share capital. The highest transaction price was 6.299 RMB per share, and the lowest was 5.60 RMB per share. The total expenditure amounted to 25,810,874.01 RMB (excluding transaction costs). The repurchase program, approved on September 9, 2024, aims to utilize funds between 20 million to 30 million RMB for employee stock ownership plans or equity incentives, with a repurchase price not exceeding 8.28 RMB per share. The company stated it will continue to implement the repurchase plan based on market conditions and in compliance with regulations.