Lingyuan Iron & Steel progresses share repurchase, convertible bond update

Lingyuan Iron & Steel (SSE:600231) announced progress in its share repurchase program and provided an update on convertible bond conversion results. As of June 30, 2025, the company has repurchased 3,080,100 shares, representing 0.11% of the total share capital, at prices ranging from CNY 1.71 to CNY 1.78 per share, for a total expenditure of CNY 5,366,700. The repurchase program, initiated in April 2025 with a budget between CNY 50,000,000 and CNY 100,000,000, aims to support employee stock ownership plans or equity incentives and to maintain company value.