Zangge Mining completes share repurchase plan

Zangge Mining (SZSE:000408) announced the completion of its share repurchase program, initiated on August 9, 2024, and approved by shareholders on August 26, 2024. The company repurchased 10,209,328 shares, representing 0.646% of its total share capital, for a total cost of RMB 299,968,245.71 (excluding transaction fees). The highest transaction price was RMB 33.80 per share, and the lowest was RMB 22.65 per share. The repurchased shares will be used for cancellation to reduce registered capital. Consequently, the total share capital will decrease from 1,580,435,073 to 1,570,225,745 shares. The company confirms the repurchase adhered to all relevant regulations and will proceed with the necessary registration changes.