Baosteel Union announces initial share repurchase

Inner Mongolia Baotou Steel Union (SSE:600010) announced its first share repurchase on June 30, 2025, through centralized bidding. The company repurchased 5,580,100 shares, accounting for 0.012% of the total share capital, with prices ranging from CNY 1.79 to CNY 1.80 per share. The total expenditure amounted to CNY 999,920 (excluding transaction costs). This repurchase aligns with the company's previously disclosed repurchase plan, approved at the shareholders meeting. The company does not plan to adjust the repurchase price limit of CNY 2.73 per share following its 2024 annual equity distribution. Baosteel Union commits to strict compliance with regulations and timely disclosure of information.