Songyang Resources progresses with share repurchase plan

Guangdong Songyang Recycle Resources Co., Ltd. (SSE:603863) announced the progress of its share repurchase plan via centralized bidding transactions. The company has repurchased 116,600 shares, representing 0.0570% of the total share capital, as of April 30, 2025. The highest transaction price was CNY 18.94 per share, and the lowest was CNY 11.82 per share. The total funds expended amounted to CNY 1,567,893.05 (excluding commissions and transfer fees). This repurchase aligns with the previously disclosed plan to repurchase between CNY 1,500,000.00 and CNY 3,000,000.00 for employee stock ownership or equity incentives. The repurchase plan began on June 13, 2024, and will continue until June 12, 2025.