Pingmei progresses with share repurchase program

Pingdingshan Tianan Coal Mining Co., Ltd. (SSE:601666) announced progress in its share repurchase program. As of April 30, 2025, the company has repurchased 96,171,340 shares, representing 3.89% of the total share capital. The highest purchase price was CNY10.70 per share, and the lowest was CNY8.26 per share, with a total expenditure of CNY941,690,562.44 (excluding stamp duty and transaction commissions). The repurchase plan, approved on October 30, 2024, aims to repurchase shares for employee stock ownership or equity incentives, with a total budget between CNY500 million and CNY1 billion at a price not exceeding CNY14.36 per share. Currently, the company's repurchase account holds 124,611,522 shares, or 5.03% of the total share capital.