Lingyuan Iron & Steel initiates share repurchase program

Lingyuan Iron & Steel Co., Ltd. announced its first share repurchase through centralized bidding transactions on June 4, 2025. The company repurchased 1,262,000 shares, representing 0.04% of the total share capital, at prices ranging from CNY 1.71 to CNY 1.71 per share, for a total consideration of CNY 2,158,020 (excluding transaction costs). This repurchase aligns with the previously announced plan to repurchase shares worth between CNY 50,000,000 and CNY 100,000,000, approved on April 21, 2025, for purposes including employee stock ownership plans or equity incentives. The repurchase program is valid for up to 12 months from the date of approval. The company will continue to execute the repurchase plan based on market conditions.