Bengang Steel Plates unveils valuation improvement plan

Bengang Steel Plates Co., Ltd. (SZSE:000761) announced a valuation enhancement plan after its stock price remained below the latest audited net asset value per share for twelve consecutive months. Approved by the board on February 27, 2025, the plan focuses on improving operational efficiency, exploring mergers and acquisitions, increasing cash dividends, strengthening investor relations, enhancing information disclosure, and potentially implementing share repurchase programs. The company acknowledged that the plan is subject to market conditions and does not guarantee specific stock price targets. The company will assess the plan's effectiveness annually, with potential revisions to be disclosed following board review. Bengang Steel Plates will also provide a special explanation of the plan in its annual results briefing if the daily average price-to-book ratio is lower than the average of the industry it is in.