FilingReader Intelligence

Maanshan Steel to Repurchase Restricted Shares Due to Performance and Personnel Changes

July 30, 2025 at 05:28 PM UTC•By FilingReader AI

Maanshan Iron & Steel will repurchase a total of 21,423,400 restricted shares for CNY 49,135,168. This includes 21,025,600 shares (CNY 48,148,624) due to unmet 2024 performance goals, affecting 222 individuals at CNY 2.29/share. Additionally, 397,800 shares (CNY 986,544) from 3 employees who retired are being repurchased at CNY 2.48/share.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

Primary Source Document

Legal opinion from Zhong Lun Law Firm (Shanghai) regarding Maanshan Iron and Steel Company Limited's repurchase and cancellation of certain restricted shares under its equity incentive planJuly 30, 2025 at 08:00 AM UTC

Maanshan Iron & Steel

SSE:600808•Shanghai Stock Exchange

Steel

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