Jiu Steel Hongxing executes first share repurchase via bidding

Gansu Jiu Steel Group Hongxing Iron & Steel (SSE:600307) announced today that it has completed its first share repurchase under the program approved on April 18, 2025. On May 15, 2025, the company repurchased 573,200 shares through centralized bidding, representing 0.01% of the company's total share capital. The repurchase price ranged from CNY 1.40 to CNY 1.41 per share, with a total expenditure of CNY 804,900 (excluding transaction costs). The company intends to use the repurchased shares to maintain company value and shareholder equity. The repurchase falls within a three-month period ending July 17, 2025. The company intends to continue the buyback within the repurchase period, depending on market conditions.