Angang Steel repurchases and cancels 14.18m A-shares

Angang Steel (SZSE: 000898) announced that it has repurchased and canceled 14,180,048 restricted A-shares in February 2025, reducing both its issued share capital and registered capital to 7,957,681,258 shares. The buyback, approved by shareholders in December 2024, involved shares held by 183 incentive recipients at prices ranging from RMB 1.85 to RMB 2.03 per share. Of the cancelled shares, 12,697,580 were from the initial grant and 1,482,468 were from the reserved grant. This action follows earlier repurchases and cancellations of A-shares, as well as the cancellation of treasury shares, as part of the company's A-share restricted stock incentive plan. The company's total registered share capital at the end of February 2025 is RMB 9,369,221,258, consisting of 1,411,540,000 H shares and 7,957,681,258 A shares.