Lingyuan Iron & Steel: Shareholder nears halfway mark in buyback

Lingyuan Iron & Steel (SSE:600231) announced that its controlling shareholder, Lingyuan Iron & Steel Group, has completed a portion of its previously announced share increase plan. As of the announcement date, the Group has acquired 11,356,900 shares through centralized bidding, representing 0.40% of the company's total share capital. The total investment made so far is CNY 19,446,661 (excluding commissions and transaction fees). The buyback plan, initiated on December 5, 2024, aims to increase the Group's holdings by between CNY 2,200 to CNY 4,000 within a 12-month period. Lingyuan Iron & Steel Group will continue to implement its shareholding increase plan to enhance investor confidence.