Fangda Steel share buyback exceeds lower target range

** Fangda Special Steel Technology (SSE:600507) announced that its controlling shareholder, Fangda Steel Group, has already exceeded the lower limit of its previously announced share increase plan. Between March 20, 2025, and April 9, 2025, Fangda Steel Group increased its holdings by 17,984,747 shares via the Shanghai Stock Exchange, representing 0.78% of the company's total share capital. The total investment for this initial phase amounted to CNY 74,936,654.82. Fangda Steel Group now holds 32.20% of the company's total shares, a rise from 31.42%. While the share increase initiative has not yet concluded, the Group intends to continue with further purchases according to the initial plan. The original plan, announced on February 26, 2025, outlined a share increase totaling between CNY 5,500 and CNY 11,000. The company cautioned investors that the share increase plan remains subject to market conditions and credit policy changes.