Pingmei shares: Buyback reaches 4.01% of total equity

Pingdingshan Tianan Coal Mining (SSE:601666) announced an update on its share repurchase program today. As of June 12, 2025, the company has cumulatively repurchased 99,171,340 shares, representing 4.01% of its total equity. The repurchases were conducted through centralized bidding on the Shanghai Stock Exchange. The highest purchase price was CNY10.70 per share, and the lowest was CNY7.62 per share. The total expenditure for the buyback amounts to CNY964,726,320.44, excluding transaction costs. The repurchase program, approved on October 30, 2024, aims to utilize between CNY500 million and CNY1 billion for repurchasing shares at a price not exceeding CNY14.36 per share, intended for equity incentives or employee stock ownership plans. The company stated that it will continue to implement the buyback program according to market conditions and fulfill its information disclosure obligations.