Chengtun Mining Group announces share repurchase and pledge release

Chengtun Mining Group Co., Ltd. (SSE:600711) announced on September 3, 2025, that its board approved a share repurchase plan on August 28, 2025. The company intends to repurchase shares totaling between 500m yuan and 600m yuan, with a maximum repurchase price of 11.82 yuan per share, for employee stock ownership plans or equity incentives. The repurchase period spans 12 months from the board's approval, with no repurchases having been executed as of August 31, 2025.

Concurrently, the company announced that its controlling shareholder, Shenzhen Chengtun Group Co., Ltd., released a pledge on 23m shares on September 2, 2025. This represents 5.03% of Shenzhen Chengtun Group's holdings and 0.74% of the company's total share capital.

Following this release, Shenzhen Chengtun Group still holds 457,494,897 shares, with 211.43m shares remaining pledged, accounting for 46.21% of its total holdings and 6.84% of the company's total share capital. The company confirmed that the controlling shareholder's pledged shares do not face liquidation risk.