Chengtun Mining Group announces Q3 profit distribution, governance changes

Chengtun Mining Group’s board of directors approved a cash dividend of CNY 0.05 per share for the first three quarters of 2025, totaling CNY 151,599,427.55, representing 8.91% of net profit attributable to shareholders. This distribution will be based on the company's total share capital, less repurchased shares, as of the equity registration date.

The company also completed a share repurchase program, acquiring 58,623,000 A-shares, accounting for 1.8968% of its total share capital, at a maximum price of CNY 11.3500 per share and a minimum of CNY 8.1029 per share, totaling CNY 555,997,495.15. These repurchased shares will be used for employee stock ownership plans or equity incentives.

Chengtun Mining Group announced the cancellation of its supervisory board and subsequent revisions to the "Articles of Association," with the board's audit committee assuming the supervisory board's responsibilities. This move, along with updates to various internal policies, aims to streamline corporate governance. These proposals, including the profit distribution and accounting firm re-appointment, await shareholder approval at the first extraordinary general meeting on November 10, 2025.