Baogang Steel Union repurchases shares, nearing halfway mark in program

Inner Mongolia Baogang Steel Union Co., Ltd. (Baogang Steel Union) announced the latest developments in its share repurchase program, which commenced on May 22, 2025, and is expected to conclude by May 21, 2026. The company aims to repurchase shares worth between yuan100 million and yuan200 million, primarily to reduce its registered capital.

As of October 31, 2025, Baogang Steel Union has cumulatively repurchased 22,265,500 shares through centralized bidding transactions. This represents 0.049% of the company's total share capital. The aggregate amount spent on these repurchases totals yuan52,000,344, excluding commissions and transaction fees.

The repurchases were executed within a price range of yuan1.79 per share to yuan2.72 per share. For October 2025 alone, the company repurchased 3,942,900 shares at prices between yuan2.58 and yuan2.72 per share, spending yuan10,500,318. The company confirmed that all repurchases comply with relevant laws, regulations, and its approved share repurchase plan.