Chengtun Mining Group announces significant share repurchase plan

Chengtun Mining Group Co., Ltd. has announced a plan to repurchase its shares through centralized bidding transactions, with a total value of not less than 500,000,000 yuan and not more than 600,000,000 yuan. The repurchase price is capped at 11.82 yuan per share, which is no more than 150% of the average trading price of the company's shares over the 30 trading days prior to the board's approval. The funding for this initiative will come from the company's own funds or self-raised capital, including a dedicated stock repurchase loan of up to 500,000,000 yuan from the Industrial and Commercial Bank of China.

The repurchased shares are intended entirely for the company's employee stock ownership plan or equity incentive programs. The repurchase period will not exceed 12 months from the date of the board's approval on August 28, 2025. This move is expected to maintain shareholder interests, enhance investor confidence, and strengthen the company's long-term incentive structure.

Based on the maximum repurchase price, the company anticipates repurchasing between 42,301,184 and 50,761,421 shares, representing approximately 1.37% to 1.64% of its total share capital. The board has also confirmed that no directors, supervisors, senior management, controlling shareholders, or shareholders holding 5% or more have plans to reduce their holdings in the next three to six months.