Jiugang Hongxing yet to commence share repurchase program

Gansu Jiu Steel Group Hongxing Iron & Steel (SSE:600307) announced that it has not yet commenced its share repurchase program as of April 30, 2025. The decision to repurchase shares through centralized competitive bidding was initially approved at the company’s eighth board meeting on April 18, 2025, according to the announcement published on the Shanghai Stock Exchange website. The company stated that it will adhere to relevant laws and regulations, including the "Company Law of the People's Republic of China," the "Securities Law of the People's Republic of China," and the "Shanghai Stock Exchange Stock Listing Rules," to compliantly implement the share repurchase and fulfill information disclosure obligations.