Hunan Valin Steel progresses with share repurchase plan

Hunan Valin Steel (SZSE:000932) announced that as of March 31, 2025, it had repurchased 6,035,200 of its own shares through a dedicated securities account via centralized competitive trading. This represents 0.0874% of the company’s total share capital. The highest transaction price was CNY 5.27 per share, and the lowest was CNY 4.87 per share, with total expenditure reaching CNY 30,997,093.00. The funds for the repurchase came from the company’s own capital and self-raised funds, with the repurchase price remaining below the set limit of CNY 5.80 per share. This buyback is part of a plan approved at both the Board (January 20, 2025) and Shareholder (February 14, 2025) levels, allocating between CNY 200 million and CNY 400 million for repurchasing shares for cancellation to reduce registered capital.