Chengtun Mining kicks off share buyback program

Chengtun Mining Group Co., Ltd. announced the commencement of its share buyback program. On September 10, 2025, the company made its first repurchase, acquiring 1,159,200 shares through centralized bidding. This initial buyback represents 0.0375% of the company's total share capital.

The shares were purchased at prices ranging from RMB 8.59 per share to RMB 8.67 per share, with a total expenditure of RMB 9,998,712.00 (excluding transaction fees). This first transaction aligns with the company's previously approved buyback plan.

The buyback program, approved on August 28, 2025, by the board of directors, aims to repurchase shares worth between RMB 500 million and RMB 600 million, to be used for employee stock ownership plans or equity incentives. The repurchase is expected to conclude by August 27, 2026.