China Railway announces share repurchase plan up to CNY1.6bn

China Railway Group (SSE:601390) announced a plan to repurchase A-shares through centralized bidding, with a total repurchase amount ranging from CNY800 million to CNY1.6 billion. The repurchased shares will be used for cancellation to reduce the company’s registered capital. The funds will come from the company's own funds and a special loan for stock repurchase. The repurchase price will not exceed CNY8.50 per share. The repurchase period is from June 20, 2025, to June 19, 2026. The company has obtained a loan commitment from ICBC for up to CNY1.6 billion to support the repurchase. The company believes this repurchase will not have a significant impact on its operations, finances, or future development. The company's board members have confirmed they don't plan to sell shares within the next 6 months.