Baogang Steel Union nears completion of share repurchase program

Inner Mongolia Baogang Steel Union Co., Ltd. (Baogang Steel Union) has announced ongoing progress of its share repurchase program. As of November 30, 2025, the company has cumulatively repurchased 29,338,700 shares through centralized bidding, representing 0.065% of its total share capital. The total amount spent on these repurchases stands at CNY 70,000,827, excluding commissions and fees. The repurchase prices ranged from CNY 1.79 per share to CNY 2.72 per share.

The board of directors and annual general meeting approved the repurchase plan, which commenced on May 22, 2025, with an expected completion date of May 21, 2026. The program aims to repurchase shares totaling between CNY 100 million and CNY 200 million, with a primary objective of reducing registered capital.

In November 2025 alone, Baogang Steel Union repurchased 7,073,200 shares, accounting for 0.016% of its total share capital, at prices between CNY 2.41 and CNY 2.69 per share. This specific month's repurchases amounted to CNY 18,000,483, excluding transaction costs.