Baosteel Union announces share repurchase program progress

Inner Mongolia BaoTou Steel Union (SSE:600010) announced that it had not yet repurchased any shares as of May 31, 2025, according to a company announcement released June 4, 2025. The company's repurchase plan, approved by shareholders in April and May 2025, allows for the repurchase of shares up to a maximum of CNY 200 million, with a minimum of CNY 100 million, at a price not exceeding CNY 2.73 per share. The repurchased shares are intended to be canceled to reduce registered capital. The company stated it will make repurchase decisions based on market conditions and will disclose progress in a timely manner, in compliance with relevant regulations.