Pingmei Coal progresses with share repurchase, "Pingmei convertible bonds"

Pingdingshan Tianan Coal Mining (SSE:601666) announced the progress of its share repurchase program through centralized bidding, alongside updates on the conversion of its "Pingmei Convertible Bonds." As of March 31, 2025, the company had repurchased 90,496,540 shares, representing 3.66% of the total share capital, at prices ranging from CNY8.35 to CNY10.70 per share, for a total cost of CNY893,891,788.72 excluding transaction expenses. These repurchased shares are intended for employee stock ownership or equity incentive plans.