Lingyuan Iron & Steel repurchases over 24m shares, spending over 50m yuan

Lingyuan Iron & Steel Company Limited has made substantial progress in its share repurchase program, which commenced on April 22, 2025. The company disclosed that as of November 30, 2025, it had cumulatively repurchased 24,048,600 shares through centralized bidding on the Shanghai Stock Exchange. This represents 0.84% of the company's total share capital.

The total amount spent on these repurchases stands at 50,763,700 yuan, excluding stamp duty and transaction commissions. The repurchased shares were acquired at prices ranging from 1.71 yuan per share to 2.46 yuan per share. The company intends to use the repurchased shares for employee stock ownership plans or equity incentives, among other legally permitted uses. The program's total funding is set between 50,000,000 yuan and 100,000,000 yuan and is expected to conclude within 12 months from the approval date by the board of directors.

In November 2025 alone, Lingyuan Iron & Steel repurchased 5,441,300 shares, accounting for 0.19% of its total share capital. The transactions during this month ranged from 2.28 yuan per share to 2.46 yuan per share, totaling 12,895,700 yuan. The company commits to adhering to regulatory requirements and will continue to disclose the progress of its repurchase program, advising investors to be aware of investment risks.