Valin Steel executes first share repurchase plan

Hunan Valin Steel Co., Ltd. (SZSE:000932) announced its first share repurchase on March 17, 2025, buying back 954,900 shares, representing 0.0138% of the company’s total share capital. The repurchase was conducted through a dedicated securities account via centralized competitive bidding, with prices ranging from 5.22 to 5.24 RMB per share. The total expenditure for this initial buyback amounted to 4,999,487 RMB, excluding transaction costs, sourced from the company’s own funds and self-raised funds. This move aligns with the previously approved repurchase plan, capped at 5.80 RMB per share, and aims to enhance shareholder value. The repurchased shares will be cancelled to reduce the company's registered capital.