Zhengzhou Coal Machinery repurchase reaches 2% of share capital

Zhengzhou Coal Mining Machinery Group (SSE:601717) announced that its A-share repurchase has reached 2.18% of the company's total share capital as of March 27, 2025. The company has also secured a RMB 100 million repurchase loan from China CITIC Bank's Zhengzhou branch to support the ongoing repurchase program. The company has repurchased 38,918,530 shares through centralized trading at prices ranging from RMB 15.05 to RMB 15.67 per share, for a total expenditure of RMB 596.72 million. The repurchase aims to enhance shareholder value and will be used for employee stock ownership or equity incentive plans.