Lingyuan Iron & Steel progresses share repurchase program, investing 37.8m yuan

Lingyuan Iron & Steel Co., Ltd. (Linggang Co., Ltd.) has disclosed its share repurchase progress, reporting a cumulative repurchase of 18,607,300 shares as of October 31, 2025. This represents 0.65% of the company's total share capital, with a total expenditure of 37,868,000 yuan (excluding stamp duty and transaction commissions). Repurchase prices ranged from 1.71 yuan per share to 2.30 yuan per share.

The company's repurchase program, approved on April 21, 2025, aims to repurchase shares using its own funds and a dedicated stock repurchase loan. The repurchased shares are intended for employee stock ownership plans or equity incentives. The total repurchase amount is projected to be between 50,000,000 yuan and 100,000,000 yuan, with the program's duration not exceeding 12 months from the date of approval.

In October 2025 alone, Lingyuan Iron & Steel repurchased 4,109,800 shares through centralized bidding, accounting for 0.14% of its total share capital. This specific period saw prices ranging from 2.28 yuan to 2.30 yuan per share, with a total cost of 9,398,100 yuan (excluding stamp duty and transaction commissions).