Lingyuan Iron & Steel updates on share repurchase progress

Lingyuan Iron & Steel Company Limited has cumulatively repurchased 5.76 million shares as of August 31, 2025, accounting for 0.20% of its total share capital. The total amount spent on repurchases to date is CNY 10.79 million, with prices ranging from CNY 1.71 to CNY 2.07 per share.

During August 2025, the company repurchased 1.81 million shares, representing 0.06% of the total share capital, at a cost of CNY 3.74 million. These transactions were executed via centralized bidding on the Shanghai Stock Exchange, with the highest price paid at CNY 2.07 per share and the lowest at CNY 2.06 per share.

The company's board approved a share repurchase plan on April 21, 2025, with an estimated investment of CNY 50 million to CNY 100 million. The repurchased shares are intended for employee stock ownership plans or equity incentives. The repurchase period extends for up to 12 months from the date of board approval.